Rexford Industrial Realty, Inc. (NYSE:REXR) Short Interest Update

Rexford Industrial Realty, Inc. (NYSE:REXR) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 12,387,717 shares, a decline of 12.3% from the December 31st total of 14,123,067 shares. Based on an average trading volume of 2,104,294 shares, the days-to-cover ratio is presently 5.9 days. Currently, 5.4% of the shares of the stock are sold short. Currently, 5.4% of the shares of the stock are sold short. Based on an average trading volume of 2,104,294 shares, the days-to-cover ratio is presently 5.9 days.

Wall Street Analyst Weigh In

REXR has been the subject of several analyst reports. BNP Paribas Exane downgraded shares of Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. UBS Group set a $44.00 price target on shares of Rexford Industrial Realty in a report on Monday, November 10th. Wells Fargo & Company raised their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Evercore ISI lowered their target price on shares of 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, Wolfe Research lowered Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.00.

Insider Activity

In other news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the sale, the chief executive officer directly owned 583,538 shares in the company, valued at $23,376,532.28. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 57,118 shares of company stock valued at $2,345,706 in the last quarter. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rexford Industrial Realty

A number of large investors have recently modified their holdings of REXR. Versor Investments LP acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at about $1,126,000. Drucker Wealth 3.0 LLC raised its holdings in Rexford Industrial Realty by 55.1% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 14,463 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 5,136 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Rexford Industrial Realty by 2.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 183,326 shares of the real estate investment trust’s stock valued at $7,155,000 after buying an additional 4,641 shares in the last quarter. Principal Financial Group Inc. lifted its position in Rexford Industrial Realty by 19.5% during the fourth quarter. Principal Financial Group Inc. now owns 11,518,739 shares of the real estate investment trust’s stock valued at $446,006,000 after buying an additional 1,881,905 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in Rexford Industrial Realty during the fourth quarter worth approximately $2,803,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $41.39 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 29.15, a price-to-earnings-growth ratio of 2.56 and a beta of 1.23. Rexford Industrial Realty has a one year low of $29.68 and a one year high of $44.38. The company has a 50 day moving average price of $40.29 and a 200 day moving average price of $40.50.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. The company had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. Rexford Industrial Realty’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Sell-side analysts anticipate that Rexford Industrial Realty will post 2.38 EPS for the current year.

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.