Rexford Industrial Realty (NYSE:REXR) COO Laura Clark Acquires 5,310 Shares of Stock

Rexford Industrial Realty, Inc. (NYSE:REXR) COO Laura Clark acquired 5,310 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average cost of $37.73 per share, with a total value of $200,346.30. Following the acquisition, the chief operating officer directly owned 5,310 shares of the company’s stock, valued at approximately $200,346.30. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rexford Industrial Realty Stock Down 1.1%

Rexford Industrial Realty stock opened at $37.46 on Friday. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $44.38. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 44.07, a PEG ratio of 2.74 and a beta of 1.23. The company’s 50-day moving average price is $39.13 and its two-hundred day moving average price is $40.56. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37.

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 for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The company had revenue of $248.10 million during the quarter, compared to analyst estimates of $249.05 million. During the same period in the prior year, the business posted $0.58 EPS. The business’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 expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 represents a $1.74 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 202.35%.

Analyst Ratings Changes

A number of research analysts recently issued reports on REXR shares. Scotiabank lifted their target price on Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Cantor Fitzgerald lowered their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Mizuho boosted their target price on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Zacks Research cut shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.31.

Hedge Funds Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position 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 worth $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 acquiring an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after acquiring an additional 526,877 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Rexford Industrial Realty by 3.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,815 shares of the real estate investment trust’s stock worth $9,206,000 after acquiring an additional 9,443 shares during the period. Finally, Nisa Investment Advisors LLC grew its stake in Rexford Industrial Realty by 12.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 55,419 shares of the real estate investment trust’s stock valued at $1,998,000 after acquiring an additional 6,174 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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.