Rexford Industrial Realty, Inc. $REXR Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 17.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 549,251 shares of the real estate investment trust’s stock after selling 118,185 shares during the period. SG Americas Securities LLC’s holdings in Rexford Industrial Realty were worth $17,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Rexford Industrial Realty by 3.5% during the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after buying an additional 8,506 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Rexford Industrial Realty by 309.8% in the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after buying an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after buying an additional 526,877 shares during the last quarter. Cetera Investment Advisers increased its holdings in Rexford Industrial Realty by 52.7% in the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock worth $603,000 after buying an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Rexford Industrial Realty by 131.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,848 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the transaction, the general counsel owned 33,299 shares of the company’s stock, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

REXR has been the subject of a number of analyst reports. Truist Financial reduced their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Monday, April 13th. Scotiabank upgraded shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the stock from $38.00 to $36.00 in a report on Thursday, June 18th. Mizuho lowered their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. Finally, Raymond James Financial initiated coverage on Rexford Industrial Realty in a report on Wednesday, June 17th. They set an “underperform” rating on the stock. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.62.

Rexford Industrial Realty Trading Down 0.5%

Shares of REXR stock opened at $33.48 on Friday. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The company has a market cap of $7.56 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $35.21 and its two-hundred day moving average is $36.82.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.78 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. Rexford Industrial Realty’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities analysts predict that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 5.2%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

Rexford Industrial Realty 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.