Rexford Industrial Realty, Inc. $REXR Stock Position Lowered by Macquarie Group Ltd.

Macquarie Group Ltd. lessened its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,620,333 shares of the real estate investment trust’s stock after selling 44,442 shares during the period. Macquarie Group Ltd.’s holdings in Rexford Industrial Realty were worth $62,739,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in REXR. Soroban Capital Partners LP lifted its position in shares of Rexford Industrial Realty by 57.2% in the 2nd 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 acquiring an additional 3,344,677 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in Rexford Industrial Realty in the 2nd quarter valued at approximately $91,671,000. Norges Bank acquired a new position in Rexford Industrial Realty in the 4th quarter valued at approximately $73,777,000. Principal Financial Group Inc. increased its stake in Rexford Industrial Realty by 19.5% in the 4th quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after buying an additional 1,881,905 shares during the period. Finally, Barclays PLC increased its stake in Rexford Industrial Realty by 175.0% in the 3rd quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock valued at $82,011,000 after buying an additional 1,269,603 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the transaction, the general counsel owned 33,299 shares in the company, valued at $1,181,115.53. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Frankel sold 23,132 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total transaction of $816,328.28. Following the transaction, the chief executive officer owned 560,406 shares in the company, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on REXR shares. Robert W. Baird set a $40.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, February 17th. Wells Fargo & Company dropped their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, June 1st. Citigroup dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Truist Financial dropped their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus price target of $41.00.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $35.04 on Friday. The company’s fifty day moving average is $35.26 and its 200-day moving average is $37.35. 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 cap of $7.91 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $243.79 million. During the same quarter in the prior year, the business posted $0.62 EPS. Rexford Industrial Realty’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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