Rexford Industrial Realty (NYSE:REXR) Director David Stockert Purchases 5,000 Shares of Stock

Rexford Industrial Realty, Inc. (NYSE:REXR) Director David Stockert purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average cost of $37.39 per share, with a total value of $186,950.00. Following the completion of the acquisition, the director directly owned 6,829 shares in the company, valued at approximately $255,336.31. This represents a 273.37% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rexford Industrial Realty Trading Down 1.1%

REXR opened at $37.46 on Friday. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38. The stock has a market capitalization of $8.68 billion, a PE ratio of 44.07, a PEG ratio of 2.74 and a beta of 1.23. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average price of $39.13 and a two-hundred day moving average price of $40.56.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a yield of 4.6%. Rexford Industrial Realty’s payout ratio is currently 202.35%.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty in the 4th quarter valued at $31,000. Vision Financial Markets LLC bought a new position in shares of Rexford Industrial Realty in the third quarter valued at about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty during the 4th quarter worth about $34,000. Wiser Advisor Group LLC acquired a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth about $34,000. Finally, Allworth Financial LP boosted its holdings in shares of 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 buying an additional 574 shares during the period. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

REXR has been the subject of several recent analyst reports. Truist Financial lowered their price target on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. UBS Group set a $44.00 target price on Rexford Industrial Realty in a research note on Monday, November 10th. Zacks Research downgraded shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Finally, Citigroup lowered their price objective on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.31.

Rexford Industrial Realty Company 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.