Massachusetts Financial Services Co. MA Has $242.32 Million Stake in Rexford Industrial Realty, Inc. $REXR

Massachusetts Financial Services Co. MA decreased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,258,274 shares of the real estate investment trust’s stock after selling 1,306,101 shares during the quarter. Massachusetts Financial Services Co. MA owned 2.69% of Rexford Industrial Realty worth $242,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in REXR. V Square Quantitative Management LLC acquired a new position in Rexford Industrial Realty in the fourth quarter valued at about $31,000. Vision Financial Markets LLC acquired a new position in Rexford Industrial Realty in the third quarter valued at about $33,000. Wiser Advisor Group LLC acquired a new position in Rexford Industrial Realty in the third quarter valued at about $34,000. Allworth Financial LP lifted its stake in Rexford Industrial Realty by 140.3% in the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 574 shares during the period. Finally, Quent Capital LLC acquired a new position in Rexford Industrial Realty in the third quarter valued at about $41,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.0%

Shares of Rexford Industrial Realty stock opened at $33.96 on Monday. Rexford Industrial Realty, Inc. has a 1 year low of $30.83 and a 1 year high of $44.38. The business has a 50-day moving average of $35.92 and a two-hundred day moving average of $39.16. The company has a market capitalization of $7.63 billion, a P/E ratio of 39.96, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26. 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 (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $243.43 million during 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%.Rexford Industrial Realty’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities 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. Investors of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. The ex-dividend date is Tuesday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.1%. Rexford Industrial Realty’s dividend payout ratio is 204.71%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on REXR. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Truist Financial lowered their price target on Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. 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. Evercore lowered their price target on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Finally, Scotiabank lowered their price target on Rexford Industrial Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Three 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.92.

Insider Transactions at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 23,132 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total transaction of $816,328.28. Following the completion of the transaction, the chief executive officer directly owned 560,406 shares in the company, valued at approximately $19,776,727.74. This trade represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Laura E. Clark acquired 5,310 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average price of $37.73 per share, with a total value of $200,346.30. Following the completion of the acquisition, the chief operating officer owned 5,310 shares of the company’s stock, valued at $200,346.30. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 12,960 shares of company stock valued at $486,804 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

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.