Rexford Industrial Realty, Inc. $REXR Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 14.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 127,920 shares of the real estate investment trust’s stock after selling 20,754 shares during the quarter. Reinhart Partners LLC.’s holdings in Rexford Industrial Realty were worth $4,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in REXR. IFM Investors Pty Ltd grew its position in Rexford Industrial Realty by 1.0% during the first quarter. IFM Investors Pty Ltd now owns 38,360 shares of the real estate investment trust’s stock valued at $1,256,000 after buying an additional 370 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Rexford Industrial Realty by 8.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,878 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 387 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of Rexford Industrial Realty by 125.8% during the 3rd quarter. Elevation Wealth Partners LLC now owns 700 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 390 shares in the last quarter. Koa Wealth Management LLC grew its position in shares of Rexford Industrial Realty by 0.9% during the 1st quarter. Koa Wealth Management LLC now owns 46,268 shares of the real estate investment trust’s stock valued at $1,514,000 after acquiring an additional 408 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Rexford Industrial Realty by 13.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,804 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 441 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock opened at $36.74 on Friday. The company has a fifty day simple moving average of $37.20 and a 200-day simple moving average of $35.83. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of -20.30 and a beta of 1.18. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.42. 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 posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($2.86). The business had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.40 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.4350 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently -96.13%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on REXR shares. Mizuho increased their price target on Rexford Industrial Realty from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 19th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Rexford Industrial Realty in a research note on Wednesday, September 30th. Citigroup reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Wednesday, July 29th. Scotiabank lifted their price target on shares of Rexford Industrial Realty from $38.00 to $40.00 and gave the company a “sector outperform” rating in a research note on Monday, August 31st. Finally, Barclays cut their price target on shares of Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating for the company in a report on Thursday, July 16th. Six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average price target of $40.87.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a publicly traded real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. The company focuses on functional, well-located facilities used for activities such as warehousing, distribution, manufacturing and logistics.

Rexford’s portfolio is concentrated in infill Southern California, including the Los Angeles, Orange County, Inland Empire and San Diego industrial markets. Its properties serve businesses that value proximity to population centers, transportation infrastructure, ports and other supply-chain facilities.

The company generates revenue primarily by leasing industrial space to tenants and seeks to enhance its portfolio through acquisitions, property improvements, redevelopment and new development.