Oak Thistle LLC Acquires New Shares in Rexford Industrial Realty, Inc. $REXR

Oak Thistle LLC purchased a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 60,620 shares of the real estate investment trust’s stock, valued at approximately $2,347,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Rexford Industrial Realty by 7.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 241 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in shares of Rexford Industrial Realty by 1.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 278 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Rexford Industrial Realty by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 293 shares during the period. Covestor Ltd lifted its holdings in shares of Rexford Industrial Realty by 6.2% during the 3rd quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 359 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in shares of Rexford Industrial Realty by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock valued at $1,261,000 after buying an additional 362 shares during the period. 99.52% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rexford Industrial Realty news, COO Laura E. Clark purchased 5,310 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $37.73 per share, for a total transaction of $200,346.30. Following the purchase, the chief operating officer owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the completion of the sale, the chief executive officer owned 560,406 shares of the company’s stock, valued at $19,776,727.74. The trade was a 3.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 12,960 shares of company stock worth $486,804. 1.20% of the stock is currently owned by corporate insiders.

Rexford Industrial Realty Trading Up 1.7%

Shares of REXR stock opened at $33.08 on Wednesday. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. The firm has a market capitalization of $7.67 billion, a PE ratio of 38.92, a PEG ratio of 2.39 and a beta of 1.26. The stock has a fifty day simple moving average of $36.26 and a two-hundred day simple moving average of $39.32.

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, topping analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business had revenue of $243.43 million during the quarter, compared to analyst estimates of $249.05 million. During the same quarter in the prior year, the business posted $0.58 EPS. Rexford Industrial Realty’s revenue for the quarter was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared 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. This represents a $1.74 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Tuesday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 204.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on REXR shares. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. iA Financial set a $45.00 price target on Rexford Industrial Realty in a report on Friday, February 6th. Zacks Research cut Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Evercore reduced their price objective on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Finally, Cantor Fitzgerald reduced their price objective on 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. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $41.92.

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.