Rexford Industrial Realty, Inc. $REXR Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,022,339 shares of the real estate investment trust’s stock after selling 1,305,498 shares during the quarter. Centersquare Investment Management LLC owned approximately 1.30% of Rexford Industrial Realty worth $124,248,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vision Financial Markets LLC acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $33,000. Quent Capital LLC acquired a new position in Rexford Industrial Realty during the third quarter worth $41,000. Farther Finance Advisors LLC increased its position in 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 buying an additional 780 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Rexford Industrial Realty by 2,331.7% during the second quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,399 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Rexford Industrial Realty in the third quarter worth about $56,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $37.33 on Thursday. The firm has a market capitalization of $8.65 billion, a PE ratio of 43.91, a PEG ratio of 2.70 and a beta of 1.23. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38. The business’s 50 day moving average is $39.26 and its 200-day moving average is $40.57.

Rexford Industrial Realty (NYSE:REXR) last issued 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 during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.435 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. Rexford Industrial Realty’s payout ratio is presently 202.35%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the sale, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 57,118 shares of company stock valued at $2,345,706 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on REXR shares. Zacks Research lowered Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 4th. Citigroup decreased their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Evercore lowered their price target on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Robert W. Baird set a $40.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, February 17th. Finally, Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.31.

Rexford Industrial Realty 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.