Reinhart Partners LLC. Sells 20,754 Shares of Rexford Industrial Realty, Inc. $REXR

Reinhart Partners LLC. cut its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 14.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,920 shares of the real estate investment trust’s stock after selling 20,754 shares during the quarter. Reinhart Partners LLC. owned approximately 0.06% of Rexford Industrial Realty worth $4,640,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REXR. IFM Investors Pty Ltd raised its stake in shares of 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 worth $1,256,000 after acquiring an additional 370 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Rexford Industrial Realty by 8.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after purchasing an additional 387 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in Rexford Industrial Realty by 125.8% in the third quarter. Elevation Wealth Partners LLC now owns 700 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 390 shares during the last quarter. Koa Wealth Management LLC increased its position in shares of Rexford Industrial Realty by 0.9% during the first quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock worth $1,514,000 after purchasing an additional 408 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 441 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on REXR shares. Raymond James Financial raised Rexford Industrial Realty from an “underperform” rating to a “market perform” rating in a research report on Tuesday, September 15th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rexford Industrial Realty in a research note on Wednesday, September 30th. Citigroup reissued a “neutral” rating on shares of Rexford Industrial Realty in a report on Wednesday, July 29th. Wall Street Zen upgraded Rexford Industrial Realty from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, BMO Capital Markets upped their price objective on shares of Rexford Industrial Realty from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Monday, September 28th. Six analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $40.87.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $36.74 on Friday. The company has a 50 day simple moving average of $37.20 and a two-hundred day simple moving average of $35.83. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of -20.30 and a beta of 1.18. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, analysts predict that Rexford Industrial Realty, Inc. will post 2.40 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.4350 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Rexford Industrial Realty’s payout ratio is -96.13%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.