Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) General Counsel David Lanzer sold 33,299 shares of the company's stock in a transaction that occurred on Tuesday, April 28th. The shares were 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 in the company, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Rexford Industrial Realty Price Performance
Rexford Industrial Realty stock opened at $35.87 on Wednesday. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The stock's 50 day moving average is $35.31 and its 200-day moving average is $38.71. The company has a current ratio of 1.50, a quick ratio of 2.51 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.62 and a beta of 1.26.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) 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 the consensus estimate of $243.79 million. During the same quarter in the prior year, the business posted $0.62 earnings per share. The firm's quarterly revenue 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. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.
Rexford Industrial Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 annualized dividend and a yield of 4.9%. Rexford Industrial Realty's payout ratio is currently 187.10%.
Wall Street Analysts Forecast Growth
REXR has been the subject of several analyst reports. 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 report on Friday, February 13th. Weiss Ratings restated a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Thursday, January 22nd. Barclays restated an "underweight" rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Scotiabank cut their target price on Rexford Industrial Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 2nd. Finally, Robert W. Baird set a $40.00 target price on Rexford Industrial Realty in a research note on Tuesday, February 17th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.92.
Get Our Latest Analysis on Rexford Industrial Realty
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its position in Rexford Industrial Realty by 7.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust's stock worth $144,000 after purchasing an additional 241 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Rexford Industrial Realty by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust's stock worth $213,000 after purchasing an additional 293 shares during the last quarter. Covestor Ltd raised its position in Rexford Industrial Realty by 6.2% during the 3rd quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust's stock worth $253,000 after purchasing an additional 359 shares during the last quarter. Lazard Asset Management LLC raised its position in Rexford Industrial Realty by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust's stock worth $1,261,000 after purchasing an additional 362 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its position in Rexford Industrial Realty by 1.0% during the 1st quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust's stock worth $1,256,000 after purchasing an additional 370 shares during the last quarter. 99.52% of the stock is owned by institutional investors.
About Rexford Industrial Realty
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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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