Comerica Bank Sells 15,817 Shares of Rexford Industrial Realty, Inc. $REXR

Comerica Bank decreased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 16.5% in the fourth quarter, Holdings Channel reports. The firm owned 80,326 shares of the real estate investment trust’s stock after selling 15,817 shares during the quarter. Comerica Bank’s holdings in Rexford Industrial Realty were worth $3,110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Rexford Industrial Realty during the fourth quarter worth about $31,000. Vision Financial Markets LLC bought a new position in Rexford Industrial Realty during the third quarter worth about $33,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the third quarter worth about $34,000. Allworth Financial LP lifted its stake in Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 574 shares during the period. Finally, Quent Capital LLC bought a new position in Rexford Industrial Realty during the third quarter worth about $41,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $35.49 on Monday. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The firm has a 50 day moving average of $35.25 and a 200-day moving average of $38.64. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $8.01 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating 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 company had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.79 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. Rexford Industrial Realty’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, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Analysts Set New Price Targets

A number of research analysts have commented on REXR shares. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Cantor Fitzgerald cut their target price on shares of 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. Wall Street Zen upgraded shares of Rexford Industrial Realty from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Truist Financial cut their target price on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, Scotiabank cut their target price on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.92.

Insiders Place Their Bets

In related news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares of the company’s stock, valued at $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Laura E. Clark purchased 5,310 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $37.73 per share, with a total value of $200,346.30. Following the acquisition, the chief operating officer owned 5,310 shares of the company’s stock, valued at $200,346.30. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 12,960 shares of company stock valued at $486,804 over the last quarter. Company insiders own 1.80% of the company’s stock.

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.