Short Interest in Rexford Industrial Realty, Inc. (NYSE:REXR) Declines By 22.4%

Rexford Industrial Realty, Inc. (NYSE:REXR) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 8,696,482 shares, a drop of 22.4% from the January 29th total of 11,213,795 shares. Based on an average trading volume of 3,302,375 shares, the days-to-cover ratio is currently 2.6 days. Currently, 3.8% of the company’s stock are sold short. Currently, 3.8% of the company’s stock are sold short. Based on an average trading volume of 3,302,375 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. iA Financial set a $45.00 price objective on Rexford Industrial Realty in a research report on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Cantor Fitzgerald dropped their price target on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. Finally, Scotiabank increased their target price on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $42.31.

Rexford Industrial Realty Trading Down 0.8%

Shares of REXR opened at $37.19 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. Rexford Industrial Realty has a 52-week low of $29.68 and a 52-week high of $44.38. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 43.64, a PEG ratio of 2.71 and a beta of 1.23. The business’s fifty day moving average is $39.13 and its 200-day moving average is $40.60.

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

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.435 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.7%. Rexford Industrial Realty’s payout ratio is presently 204.71%.

Insider Activity

In related news, CEO Michael S. Frankel sold 20,318 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the transaction, the chief executive officer directly owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Stockert bought 5,000 shares of the stock in a transaction on Friday, February 27th. The shares were acquired at an average price of $37.39 per share, with a total value of $186,950.00. Following the purchase, the director owned 6,829 shares of the company’s stock, valued at $255,336.31. The trade was a 273.37% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 12,960 shares of company stock valued at $486,804 and sold 57,118 shares valued at $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REXR. Royal Bank of Canada raised its stake in shares of Rexford Industrial Realty by 3.5% in the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after buying an additional 8,506 shares during the period. AQR Capital Management LLC lifted its stake in Rexford Industrial Realty by 309.8% in the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after purchasing an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rexford Industrial Realty by 41.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after acquiring an additional 526,877 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Rexford Industrial Realty by 17.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 425,177 shares of the real estate investment trust’s stock worth $15,124,000 after acquiring an additional 62,355 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Rexford Industrial Realty by 4.4% in the second quarter. Teacher Retirement System of Texas now owns 40,750 shares of the real estate investment trust’s stock worth $1,449,000 after purchasing an additional 1,722 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.