Rexford Industrial Realty (NYSE:REXR) CFO Purchases $99,507.50 in Stock

Rexford Industrial Realty, Inc. (NYSE:REXR) CFO Michael Fitzmaurice purchased 2,650 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the transaction, the chief financial officer directly owned 14,133 shares in the company, valued at approximately $530,694.15. This represents a 23.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Rexford Industrial Realty Stock Down 1.1%

Shares of REXR stock traded down $0.42 on Friday, hitting $37.46. The stock had a trading volume of 4,677,121 shares, compared to its average volume of 2,794,176. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. The business has a 50 day moving average price of $39.13 and a 200 day moving average price of $40.56. The company has a market cap of $8.68 billion, a PE ratio of 44.07, a P/E/G ratio of 2.74 and a beta of 1.23. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37.

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

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 202.35%.

Analysts Set New Price Targets

REXR has been the topic of a number of analyst reports. Cantor Fitzgerald cut their price target on Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Mizuho raised their price objective on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Barclays reiterated an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.31.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. V Square Quantitative Management LLC acquired a new stake in Rexford Industrial Realty in the fourth quarter worth about $31,000. Vision Financial Markets LLC acquired a new position in shares of Rexford Industrial Realty during the third quarter valued at about $33,000. Wiser Advisor Group LLC purchased a new position in shares of Rexford Industrial Realty in the 3rd quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $34,000. Finally, Allworth Financial LP grew its position in Rexford Industrial Realty by 140.3% during the 3rd 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 last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.