Oak Thistle LLC Takes $2.35 Million Position in Rexford Industrial Realty, Inc. $REXR

Oak Thistle LLC acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 60,620 shares of the real estate investment trust’s stock, valued at approximately $2,347,000.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in shares of Rexford Industrial Realty by 4.9% during the second quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust’s stock valued at $428,509,000 after purchasing an additional 556,810 shares in the last quarter. Soroban Capital Partners LP grew its position in shares of Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Rexford Industrial Realty by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock valued at $159,836,000 after purchasing an additional 161,589 shares in the last quarter. Northern Trust Corp grew its position in shares of Rexford Industrial Realty by 0.6% during the third quarter. Northern Trust Corp now owns 3,518,818 shares of the real estate investment trust’s stock valued at $144,659,000 after purchasing an additional 20,096 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Rexford Industrial Realty by 58.7% during the third quarter. Bank of America Corp DE now owns 2,615,234 shares of the real estate investment trust’s stock valued at $107,512,000 after purchasing an additional 967,407 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 1.7%

Shares of NYSE:REXR opened at $33.08 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $44.38. The company has a 50-day moving average price of $36.26 and a 200 day moving average price of $39.32. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.39 and a beta of 1.26.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts’ consensus estimates 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 $243.43 million during the quarter, compared to the consensus estimate of $249.05 million. During the same quarter last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is 204.71%.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of research analyst reports. Zacks Research lowered Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Evercore cut their price objective on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research report on Monday, December 22nd. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Scotiabank cut their price objective on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Finally, Citigroup lowered their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.92.

Insider Buying and Selling at Rexford Industrial Realty

In other news, COO Laura E. Clark acquired 5,310 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $37.73 per share, with a total value of $200,346.30. Following the completion of the purchase, the chief operating officer directly owned 5,310 shares in the company, valued at approximately $200,346.30. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the sale, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. The trade was a 3.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders bought a total of 12,960 shares of company stock worth $486,804 in the last 90 days. 1.20% of the stock is currently owned by insiders.

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.