Aew Capital Management L P Sells 118,980 Shares of Rexford Industrial Realty, Inc. $REXR

Aew Capital Management L P decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 98.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500 shares of the real estate investment trust’s stock after selling 118,980 shares during the quarter. Aew Capital Management L P’s holdings in Rexford Industrial Realty were worth $62,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Rexford Industrial Realty by 7.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 241 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Rexford Industrial Realty by 1.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after purchasing an additional 278 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Rexford Industrial Realty by 6.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock valued at $213,000 after purchasing an additional 293 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in Rexford Industrial Realty by 0.7% during the first quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 308 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Rexford Industrial Realty by 6.2% in the 3rd quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 359 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on REXR shares. JPMorgan Chase & Co. lowered their price target on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Scotiabank upped their price objective on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Finally, iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a research report on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.31.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $37.14 on Wednesday. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 43.70, a P/E/G ratio of 2.71 and a beta of 1.23. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The company’s fifty day moving average is $39.34 and its 200 day moving average is $40.59. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.37.

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. The firm had revenue of $248.10 million for the quarter, compared to the consensus estimate of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 4.7%. 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%.

Insider Activity

In other news, CEO Michael S. Frankel sold 20,318 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the transaction, the chief executive officer owned 602,288 shares in the company, valued at approximately $25,061,203.68. The trade was a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 57,118 shares of company stock valued at $2,345,706. 1.20% of the stock is currently owned by 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.