Thrivent Financial for Lutherans Has $4.23 Million Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Thrivent Financial for Lutherans reduced its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 102,871 shares of the real estate investment trust’s stock after selling 16,540 shares during the period. Thrivent Financial for Lutherans’ holdings in Rexford Industrial Realty were worth $4,229,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Soroban Capital Partners LP raised its holdings in shares of Rexford Industrial Realty by 57.2% during the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after acquiring an additional 3,344,677 shares during the period. Norges Bank bought a new position in Rexford Industrial Realty during the 2nd quarter worth about $104,116,000. Royal London Asset Management Ltd. acquired a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at about $91,671,000. Nomura Holdings Inc. lifted its holdings in shares of Rexford Industrial Realty by 19,554.8% in the second quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock valued at $82,622,000 after purchasing an additional 2,310,988 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 5.7% in the second quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock valued at $1,154,629,000 after purchasing an additional 1,749,685 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $38.97 on Friday. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The business’s 50 day moving average price is $40.17 and its two-hundred day moving average price is $40.53. The company has a quick ratio of 2.95, a current ratio of 2.51 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.07 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 21.03% and a return on equity of 2.37%. The business had revenue of $248.10 million during the quarter, compared to the consensus estimate of $249.05 million. During the same quarter in the previous year, the firm posted $0.58 EPS. Rexford Industrial Realty’s revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s dividend payout ratio (DPR) is 202.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on REXR shares. Truist Financial decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Zacks Research cut shares of Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Scotiabank lifted their price objective on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Wolfe Research cut shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday, October 20th. Finally, Robert W. Baird set a $41.00 target price on shares of Rexford Industrial Realty in a research report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.83.

Insider Buying and Selling at Rexford Industrial Realty

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

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.