Reinhart Partners LLC. Lowers Position in Rexford Industrial Realty, Inc. $REXR

Reinhart Partners LLC. cut its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 28.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 171,221 shares of the real estate investment trust’s stock after selling 67,310 shares during the quarter. Reinhart Partners LLC.’s holdings in Rexford Industrial Realty were worth $6,630,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in Rexford Industrial Realty in the fourth quarter worth about $31,000. Vision Financial Markets LLC purchased a new stake in Rexford Industrial Realty in the third quarter worth about $33,000. Wiser Advisor Group LLC purchased a new stake in Rexford Industrial Realty in the third quarter worth about $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Rexford Industrial Realty in the fourth quarter worth about $34,000. Finally, Allworth Financial LP lifted its stake in Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 574 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 23,132 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the transaction, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction that occurred on 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 transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $34.02 on Wednesday. The firm has a market capitalization of $7.68 billion, a P/E ratio of 36.59, a PEG ratio of 1.45 and a beta of 1.21. 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 company has a 50 day moving average price of $35.06 and a 200 day moving average price of $37.73. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.27 by $0.11. The firm had revenue of $242.14 million during the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. Rexford Industrial Realty’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared 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 of this dividend is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a yield of 5.1%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 187.10%.

Wall Street Analyst Weigh In

REXR has been the subject of a number of research reports. Zacks Research raised shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Wall Street Zen raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company decreased their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.46.

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.