Rexford Industrial Realty, Inc. $REXR Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lessened its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 88.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,669 shares of the real estate investment trust’s stock after selling 92,088 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Rexford Industrial Realty were worth $480,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vision Financial Markets LLC purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $33,000. Quent Capital LLC acquired a new position in Rexford Industrial Realty in the third quarter valued at approximately $41,000. Farther Finance Advisors LLC boosted its position in Rexford Industrial Realty by 174.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 780 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Rexford Industrial Realty during the third quarter valued at $56,000. Finally, Avalon Trust Co acquired a new stake in shares of Rexford Industrial Realty in the third quarter valued at approximately $67,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director David P. Stockert acquired 5,000 shares of the stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $37.39 per share, with a total value of $186,950.00. Following the acquisition, the director owned 6,829 shares in the company, valued at approximately $255,336.31. The trade was a 273.37% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael Fitzmaurice bought 2,650 shares of Rexford Industrial Realty stock in a transaction that occurred on Friday, February 27th. The stock was bought at an average price of $37.55 per share, with a total value of $99,507.50. Following the completion of the acquisition, the chief financial officer owned 14,133 shares in the company, valued at approximately $530,694.15. The trade was a 23.08% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 12,960 shares of company stock worth $486,804. 1.20% of the stock is owned by corporate insiders.

Rexford Industrial Realty Stock Down 1.3%

REXR opened at $35.27 on Thursday. The company has a market capitalization of $8.18 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.51. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $44.38. The business has a 50-day moving average of $38.63 and a 200-day moving average of $40.45.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.435 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. The ex-dividend date is Tuesday, March 31st. This represents a $1.74 annualized dividend and a dividend yield of 4.9%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 202.35%.

Analysts Set New Price Targets

Several brokerages recently commented on REXR. Mizuho boosted their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Truist Financial cut their price target on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. iA Financial set a $45.00 target price on Rexford Industrial Realty in a research report on Friday, February 6th. Citigroup lowered their price target on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Finally, Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $41.92.

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.