Whittier Trust Co. Sells 293,016 Shares of Rexford Industrial Realty, Inc. $REXR

Whittier Trust Co. reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 72.5% during the 1st quarter, HoldingsChannel reports. The firm owned 110,902 shares of the real estate investment trust’s stock after selling 293,016 shares during the quarter. Whittier Trust Co.’s holdings in Rexford Industrial Realty were worth $3,608,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Rexford Industrial Realty during the fourth quarter valued at $34,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth about $34,000. Allworth Financial LP increased its position 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 worth $40,000 after purchasing an additional 574 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Rexford Industrial Realty by 724.4% during the fourth quarter. Meeder Asset Management Inc. now owns 1,113 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 978 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Up 2.3%

Shares of NYSE REXR traded up $0.79 during mid-day trading on Tuesday, hitting $35.05. The company’s stock had a trading volume of 198,105 shares, compared to its average volume of 2,516,646. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $44.38. The company’s fifty day simple moving average is $34.88 and its 200-day simple moving average is $36.50.

Rexford Industrial Realty (NYSE:REXR) last posted 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 business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.78 million. During the same period in the previous year, the firm posted $0.62 earnings per share. Rexford Industrial Realty’s revenue for the quarter was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

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

Insider Activity at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction 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 transaction, the general counsel 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the stock from $38.00 to $36.00 in a research note on Thursday, June 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Rexford Industrial Realty in a report on Tuesday, May 12th. Mizuho cut their price target on Rexford Industrial Realty from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. Finally, Raymond James Financial initiated coverage on shares of Rexford Industrial Realty in a research report on Wednesday, June 17th. They set an “underperform” rating on the stock. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $40.62.

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.