Whittier Trust Co. of Nevada Inc. Lowers Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Whittier Trust Co. of Nevada Inc. reduced its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 68.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 55,277 shares of the real estate investment trust’s stock after selling 118,117 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Rexford Industrial Realty were worth $1,798,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter worth about $31,000. Wiser Advisor Group LLC purchased a new stake in Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Rexford Industrial Realty during the 4th quarter valued at about $34,000. Allworth Financial LP increased its stake in shares of Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Rexford Industrial Realty during the 4th quarter worth about $45,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Up 2.3%

Shares of REXR stock traded up $0.79 during mid-day trading on Tuesday, reaching $35.05. The company’s stock had a trading volume of 198,105 shares, compared to its average volume of 2,516,646. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $7.91 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company’s 50 day simple moving average is $34.88 and its 200-day simple moving average is $36.50. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-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 net margin of 23.25% and a return on equity of 2.64%. The firm had revenue of $242.14 million during the quarter, compared to analysts’ expectations of $243.78 million. During the same period in the prior year, the company earned $0.62 EPS. The firm’s 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. On average, research analysts predict that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.435 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.0%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 187.10%.

Insider Activity at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of the firm’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 sale, the general counsel directly owned 33,299 shares in the company, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on REXR. Scotiabank raised shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and decreased their target price for the stock from $38.00 to $36.00 in a research report on Thursday, June 18th. JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $38.00 to $36.00 in a research report on Wednesday, June 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rexford Industrial Realty in a research note on Tuesday, May 12th. Mizuho decreased their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, June 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average price target of $40.62.

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.