Insider Selling: Rexford Industrial Realty (NYSE:REXR) CEO Sells $816,328.28 in Stock

Rexford Industrial Realty, Inc. (NYSE:REXR) CEO Michael Frankel sold 23,132 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total value of $816,328.28. Following the transaction, the chief executive officer directly owned 560,406 shares in the company, valued at $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Rexford Industrial Realty Stock Performance

REXR stock opened at $33.90 on Friday. The company has a 50-day simple moving average of $37.95 and a 200 day simple moving average of $40.14. The company has a market capitalization of $7.86 billion, a P/E ratio of 39.88, a PEG ratio of 2.49 and a beta of 1.24. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The firm had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter last year, the company earned $0.58 EPS. Rexford Industrial Realty’s quarterly revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 5.1%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty’s payout ratio is currently 202.35%.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds have recently modified their holdings of REXR. Hsbc Holdings PLC lifted its holdings in shares of Rexford Industrial Realty by 17.7% during the fourth quarter. Hsbc Holdings PLC now owns 387,836 shares of the real estate investment trust’s stock valued at $15,017,000 after purchasing an additional 58,270 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Rexford Industrial Realty by 8.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 387 shares in the last quarter. Corient Private Wealth LLC raised its holdings in Rexford Industrial Realty by 62.1% during the 4th quarter. Corient Private Wealth LLC now owns 13,077 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 5,008 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Rexford Industrial Realty by 237.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 5,631 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 3,962 shares during the period. Finally, Alberta Investment Management Corp lifted its stake in Rexford Industrial Realty by 12.0% during the fourth quarter. Alberta Investment Management Corp now owns 685,504 shares of the real estate investment trust’s stock valued at $26,543,000 after buying an additional 73,300 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REXR has been the topic of several research analyst reports. Scotiabank lowered their price target on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Robert W. Baird set a $40.00 target price on Rexford Industrial Realty in a research note on Tuesday, February 17th. JPMorgan Chase & Co. lowered their target price on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Mizuho boosted their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald cut their price target on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.92.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.