Rexford Industrial Realty, Inc. $REXR Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC cut its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 5.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,862,569 shares of the real estate investment trust’s stock after selling 159,770 shares during the period. Centersquare Investment Management LLC’s holdings in Rexford Industrial Realty were worth $110,839,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of REXR. Soroban Capital Partners LP grew its stake in shares of Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after buying an additional 3,344,677 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at $91,671,000. Norges Bank acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at $73,777,000. Principal Financial Group Inc. grew its stake in shares of Rexford Industrial Realty by 19.5% in 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, Barclays PLC grew its stake in shares of 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 in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on REXR shares. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Robert W. Baird set a $40.00 price objective on Rexford Industrial Realty in a research note on Tuesday, February 17th. Mizuho dropped their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday. Scotiabank dropped their price objective on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating for the company in a research note on Thursday, May 21st. Finally, Citigroup dropped their price objective on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

Insider Activity

In other news, General Counsel David E. Lanzer sold 33,299 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total transaction 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 approximately $1,181,115.53. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Frankel sold 23,132 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total value of $816,328.28. Following the transaction, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. This 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.

Rexford Industrial Realty Trading Up 0.4%

NYSE:REXR opened at $34.72 on Friday. The stock has a 50-day simple moving average of $35.21 and a 200-day simple moving average of $37.36. The stock has a market cap of $7.84 billion, a P/E ratio of 37.34, a P/E/G ratio of 1.44 and a beta of 1.21. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

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

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio is currently 187.10%.

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.