Envestnet Asset Management Inc. Has $21.33 Million Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Envestnet Asset Management Inc. boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 22.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 518,758 shares of the real estate investment trust’s stock after buying an additional 93,581 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of Rexford Industrial Realty worth $21,326,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quent Capital LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth approximately $41,000. Farther Finance Advisors LLC increased its stake in shares of Rexford Industrial Realty by 174.1% during the third quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 780 shares during the period. Hantz Financial Services Inc. lifted its holdings in 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 last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Rexford Industrial Realty during the 3rd quarter worth approximately $56,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Rexford Industrial Realty by 69.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,834 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 749 shares during the period. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

REXR has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. BNP Paribas Exane lowered shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Scotiabank boosted 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. Finally, Truist Financial decreased their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus target price of $42.54.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $37.23 on Friday. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 2.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.51 and a quick ratio of 2.95. The firm has a 50 day simple moving average of $39.82 and a 200 day simple moving average of $40.51. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $249.05 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change 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 4.7%. Rexford Industrial Realty’s payout ratio is 202.35%.

Insider Activity 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 stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the sale, the chief executive officer directly owned 583,538 shares in the company, valued at approximately $23,376,532.28. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 57,118 shares of company stock worth $2,345,706 over the last quarter. Company 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.