Legal & General Group Plc Raises Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Legal & General Group Plc boosted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 12.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,731,914 shares of the real estate investment trust’s stock after purchasing an additional 296,506 shares during the period. Legal & General Group Plc’s holdings in Rexford Industrial Realty were worth $105,780,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REXR. Sumitomo Mitsui Trust Group Inc. increased its holdings in Rexford Industrial Realty by 24.3% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock valued at $12,529,000 after buying an additional 63,313 shares during the last quarter. Knights of Columbus Asset Advisors LLC bought a new stake in Rexford Industrial Realty in the third quarter valued at about $1,879,000. Cibc World Market Inc. bought a new stake in Rexford Industrial Realty in the third quarter valued at about $41,111,000. Barclays PLC increased its holdings in Rexford Industrial Realty by 175.0% in the third quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock valued at $82,011,000 after buying an additional 1,269,603 shares during the last quarter. Finally, Vestcor Inc bought a new position in shares of Rexford Industrial Realty during the third quarter valued at approximately $1,794,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the completion of the transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Frankel sold 23,132 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

REXR has been the topic of a number of research reports. Evercore upgraded Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Monday, April 13th. iA Financial set a $45.00 price target on Rexford Industrial Realty in a research report on Friday, February 6th. JPMorgan Chase & Co. dropped their price target on 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. Scotiabank dropped their price target on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 21st. Finally, Robert W. Baird set a $40.00 price target on Rexford Industrial Realty in a research report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus target price of $41.69.

Rexford Industrial Realty Stock Down 0.9%

Shares of Rexford Industrial Realty stock opened at $36.04 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The business’s 50 day simple moving average is $35.03 and its 200-day simple moving average is $37.82. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 1.52 and a beta of 1.23. Rexford Industrial Realty, Inc. has a twelve month low of $32.14 and a twelve month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The business had revenue of $242.14 million for the quarter, compared to analysts’ expectations of $243.79 million. During the same period in the prior year, the firm earned $0.62 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio is 187.10%.

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.