Nordea Investment Management AB Cuts Stake in Rexford Industrial Realty, Inc. $REXR

Nordea Investment Management AB cut its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 187,818 shares of the real estate investment trust’s stock after selling 29,213 shares during the quarter. Nordea Investment Management AB owned about 0.08% of Rexford Industrial Realty worth $7,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp grew its position in Rexford Industrial Realty by 4.9% during the 2nd 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 during the last quarter. Soroban Capital Partners LP raised its holdings in Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after buying an additional 3,344,677 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Rexford Industrial Realty by 4.3% in the third quarter. JPMorgan Chase & Co. now owns 3,887,918 shares of the real estate investment trust’s stock worth $159,836,000 after buying an additional 161,589 shares in the last quarter. Northern Trust Corp grew its holdings 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 buying an additional 20,096 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Rexford Industrial Realty by 7.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,158,500 shares of the real estate investment trust’s stock valued at $112,348,000 after acquiring an additional 228,331 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $33.46 on Thursday. The firm has a fifty day simple moving average of $37.55 and a two-hundred day simple moving average of $39.97. The firm has a market cap of $7.76 billion, a PE ratio of 39.37, a P/E/G ratio of 2.45 and a beta of 1.24. 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 1-year low of $29.68 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The firm had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current 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. 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. This represents a $1.74 annualized dividend and a yield of 5.2%. Rexford Industrial Realty’s payout ratio is 202.35%.

Insider Transactions at Rexford Industrial Realty

In other news, Director David P. Stockert purchased 5,000 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the purchase, the director directly owned 6,829 shares in the company, valued at $255,336.31. This trade represents a 273.37% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the company’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the sale, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at $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. In the last quarter, insiders have acquired 12,960 shares of company stock valued at $486,804. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on REXR shares. Citigroup lowered their price objective on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Cantor Fitzgerald decreased their price target on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Barclays reaffirmed an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Robert W. Baird set a $40.00 price objective on Rexford Industrial Realty in a report on Tuesday, February 17th. Finally, Truist Financial decreased their target price on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.92.

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.