Thrivent Financial for Lutherans Cuts Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Thrivent Financial for Lutherans cut its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 23.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 119,411 shares of the real estate investment trust’s stock after selling 36,208 shares during the period. Thrivent Financial for Lutherans owned 0.05% of Rexford Industrial Realty worth $4,248,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in REXR. Northwestern Mutual Wealth Management Co. increased its stake in Rexford Industrial Realty by 403.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 553 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Rexford Industrial Realty by 2,331.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,399 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Rexford Industrial Realty by 69.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,834 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 749 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Rexford Industrial Realty by 131.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,848 shares during the period. Finally, Virtus Investment Advisers LLC lifted its position in Rexford Industrial Realty by 19.0% during the second quarter. Virtus Investment Advisers LLC now owns 4,694 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 751 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Up 0.5%

Shares of Rexford Industrial Realty stock opened at $41.10 on Friday. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38. The company has a market capitalization of $9.57 billion, a PE ratio of 28.94, a P/E/G ratio of 2.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The business has a 50-day moving average of $41.48 and a 200-day moving average of $39.73.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm had revenue of $253.24 million during the quarter, compared to the consensus estimate of $253.46 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. Rexford Industrial Realty’s revenue for the quarter was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 121.13%.

Insider Activity

In related news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $40.06, for a total value of $751,125.00. Following the sale, the chief executive officer directly owned 583,538 shares of the company’s stock, valued at $23,376,532.28. This represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 57,118 shares of company stock valued at $2,345,706 in the last three months. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

REXR has been the subject of several recent research reports. BNP Paribas lowered shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Mizuho increased their price target on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Barclays raised their price objective on Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, September 15th. Cantor Fitzgerald initiated coverage on Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Wall Street Zen downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $43.08.

Rexford Industrial Realty Company Profile

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.