Key Points
- CFO Michael Fitzmaurice purchased 2,650 shares at $37.55 on Feb. 27 for $99,507.50, increasing his ownership by 23.08% to 14,133 shares (≈$530,694).
- Rexford raised its quarterly dividend to $0.435 (annualized $1.74) for a 4.6% yield with an ex-dividend date of Mar. 31, while the dividend payout ratio is a high 202.35%.
- The REIT reported Q earnings of $0.59 EPS (vs. $0.58 estimate) with revenue slightly below estimates, and set FY2026 guidance of 2.350–2.400 EPS (analysts expect ~2.38).
Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) CFO Michael Fitzmaurice purchased 2,650 shares of Rexford Industrial Realty stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $37.55 per share, for a total transaction of $99,507.50. Following the acquisition, the chief financial officer directly owned 14,133 shares of the company's stock, valued at approximately $530,694.15. This represents a 23.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Rexford Industrial Realty Stock Down 1.1%
REXR stock opened at $37.46 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51. The company's 50 day simple moving average is $39.13 and its 200-day simple moving average is $40.56. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $44.38. The firm has a market capitalization of $8.68 billion, a PE ratio of 44.07, a P/E/G ratio of 2.74 and a beta of 1.23.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results 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 firm had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.Rexford Industrial Realty's revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.
Rexford Industrial Realty Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.435 dividend. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.43. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 202.35%.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the stock. Barclays reissued an "underweight" rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Truist Financial decreased their target price on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Cantor Fitzgerald reduced their price target on Rexford Industrial Realty from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Rexford Industrial Realty from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.31.
Check Out Our Latest Analysis on Rexford Industrial Realty
Hedge Funds Weigh In On Rexford Industrial Realty
Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Rexford Industrial Realty by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust's stock worth $1,154,629,000 after buying an additional 1,749,685 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Rexford Industrial Realty by 2.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,336,003 shares of the real estate investment trust's stock worth $1,097,172,000 after acquiring an additional 667,594 shares during the last quarter. State Street Corp raised its holdings in shares of Rexford Industrial Realty by 4.9% in the 2nd quarter. State Street Corp now owns 11,906,613 shares of the real estate investment trust's stock worth $428,509,000 after purchasing an additional 556,810 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Rexford Industrial Realty by 19.5% in the 4th 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 purchasing an additional 1,881,905 shares in the last quarter. Finally, Soroban Capital Partners LP grew its holdings in shares of Rexford Industrial Realty by 57.2% during the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust's stock worth $326,925,000 after purchasing an additional 3,344,677 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.
About Rexford Industrial Realty
(
Get Free Report)
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.
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