Edgestream Partners L.P. Sells 151,981 Shares of Rexford Industrial Realty, Inc. $REXR

Edgestream Partners L.P. lessened its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 88.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 19,082 shares of the real estate investment trust’s stock after selling 151,981 shares during the period. Edgestream Partners L.P.’s holdings in Rexford Industrial Realty were worth $625,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of REXR. Lazard Asset Management LLC raised its position in shares of Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 362 shares during the period. IFM Investors Pty Ltd increased its stake in Rexford Industrial Realty by 1.0% during the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock valued at $1,256,000 after purchasing an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 387 shares in the last quarter. Koa Wealth Management LLC increased its stake in Rexford Industrial Realty by 0.9% during the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock valued at $1,514,000 after purchasing an additional 408 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Rexford Industrial Realty by 13.1% during the first quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock worth $125,000 after buying an additional 441 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 1.8%

NYSE REXR opened at $37.02 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $35.25 and a 200 day simple moving average of $36.02. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The firm has a market capitalization of $8.25 billion, a P/E ratio of -20.45, a PEG ratio of 1.57 and a beta of 1.19.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The firm had revenue of $243.00 million for the quarter, compared to analysts’ expectations of $240.24 million. During the same period in the prior year, the firm earned $0.59 earnings per share. Rexford Industrial Realty’s revenue was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.41 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently -96.13%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Rexford Industrial Realty from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings lowered shares of Rexford Industrial Realty from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, July 29th. Cantor Fitzgerald restated an “overweight” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Wells Fargo & Company cut their price target on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, June 1st. Finally, Scotiabank raised 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. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.62.

About Rexford Industrial Realty

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.