Rexford Industrial Realty (NYSE:REXR) CEO Michael Frankel Sells 23,132 Shares

Rexford Industrial Realty, Inc. (NYSE:REXR) CEO Michael Frankel sold 23,132 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the transaction, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at $19,776,727.74. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $34.36 on Thursday. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $38.20 and its two-hundred day moving average price is $40.23. The company has a market cap of $7.97 billion, a PE ratio of 40.42, a price-to-earnings-growth ratio of 2.53 and a beta of 1.24. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $248.10 million during the quarter, compared to analysts’ expectations of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. 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 year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 5.1%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 202.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on REXR shares. Zacks Research lowered shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 4th. Evercore decreased their price target on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. Citigroup lowered their price target on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Cantor Fitzgerald cut their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Finally, Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $41.92.

Hedge Funds Weigh In On Rexford Industrial Realty

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter worth about $31,000. Vision Financial Markets LLC bought a new position in shares of Rexford Industrial Realty during the third quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $34,000. Wiser Advisor Group LLC acquired a new stake in shares of Rexford Industrial Realty in the third quarter valued at approximately $34,000. Finally, Allworth Financial LP boosted its stake in shares of Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 574 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.