Royal London Asset Management Ltd. Has $95.72 Million Position in Rexford Industrial Realty, Inc. $REXR

Royal London Asset Management Ltd. lowered its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,472,103 shares of the real estate investment trust’s stock after selling 62,754 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Rexford Industrial Realty were worth $95,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $31,000. Wiser Advisor Group LLC acquired a new stake in shares of Rexford Industrial Realty in the third quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $34,000. Allworth Financial LP increased its holdings in shares of Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on REXR. Wells Fargo & Company lowered their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, June 1st. Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Monday, April 13th. Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Mizuho lowered their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $41.00.

Insider Buying and Selling at Rexford Industrial Realty

In related 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 value of $1,181,115.53. Following the sale, the general counsel directly owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were 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 in the company, valued at $19,776,727.74. This represents a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Price Performance

REXR opened at $35.04 on Friday. The company has a fifty day moving average price of $35.26 and a two-hundred day moving average price of $37.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The firm has a market capitalization of $7.91 billion, a PE ratio of 37.67, a P/E/G ratio of 1.45 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm had revenue of $242.14 million during the quarter, compared to analyst estimates of $243.79 million. During the same quarter in the previous year, the business earned $0.62 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 annualized dividend and a dividend yield of 5.0%. Rexford Industrial Realty’s payout ratio 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.