Insider Selling: Rexford Industrial Realty (NYSE:REXR) CEO Sells 20,318 Shares of Stock

Rexford Industrial Realty, Inc. (NYSE:REXR) CEO Michael Frankel sold 20,318 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the sale, the chief executive officer owned 602,288 shares in the company, valued at approximately $25,061,203.68. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rexford Industrial Realty Price Performance

REXR traded down $0.48 during trading on Thursday, reaching $41.16. 1,589,490 shares of the company were exchanged, compared to its average volume of 1,690,109. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $44.38. The company’s 50-day moving average is $41.59 and its two-hundred day moving average is $39.26. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.58 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.58 and a beta of 1.22.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company had revenue of $253.24 million during the quarter, compared to analyst estimates of $253.46 million. During the same period last year, the business earned $0.59 earnings per share. Rexford Industrial Realty’s revenue was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is currently 121.13%.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Wells Fargo & Company boosted their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Mizuho upped their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Scotiabank raised their price objective on Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, UBS Group set a $44.00 price objective on Rexford Industrial Realty in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.08.

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 the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Rexford Industrial Realty by 403.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 553 shares during the last quarter. Vision Financial Markets LLC purchased a new position in Rexford Industrial Realty during the 3rd quarter valued at about $33,000. Wiser Advisor Group LLC purchased a new position in Rexford Industrial Realty during the 3rd quarter valued at about $34,000. Allworth Financial LP raised 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 valued at $40,000 after purchasing an additional 574 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in Rexford Industrial Realty in the 3rd quarter worth approximately $41,000. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.