Citigroup Inc. Sells 36,537 Shares of Rexford Industrial Realty, Inc. $REXR

Citigroup Inc. reduced its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,474 shares of the real estate investment trust’s stock after selling 36,537 shares during the quarter. Citigroup Inc. owned approximately 0.08% of Rexford Industrial Realty worth $7,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after buying an additional 8,506 shares during the period. AQR Capital Management LLC boosted its position in Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after acquiring an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Rexford Industrial Realty by 41.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after acquiring an additional 526,877 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Rexford Industrial Realty by 17.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 425,177 shares of the real estate investment trust’s stock worth $15,124,000 after acquiring an additional 62,355 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Rexford Industrial Realty by 4.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 40,750 shares of the real estate investment trust’s stock worth $1,449,000 after acquiring an additional 1,722 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on REXR shares. Citigroup reduced their price target on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Barclays restated an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. JPMorgan Chase & Co. decreased their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Robert W. Baird set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $42.31.

Insiders Place Their Bets

In other Rexford Industrial Realty 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 value of $751,125.00. Following the completion of the transaction, the chief executive officer owned 583,538 shares of the company’s stock, valued at approximately $23,376,532.28. The trade was a 3.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Laura E. Clark bought 5,310 shares of the stock in a transaction on Friday, February 27th. The shares were bought at an average price of $37.73 per share, for a total transaction of $200,346.30. Following the purchase, the chief operating officer directly owned 5,310 shares in the company, valued at approximately $200,346.30. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 12,960 shares of company stock worth $486,804 and sold 57,118 shares worth $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $37.46 on Monday. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 2.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. The company’s 50-day moving average is $39.13 and its 200 day moving average is $40.60.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $249.05 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’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. Sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.435 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.74 annualized dividend and a yield of 4.6%. 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%.

About Rexford Industrial Realty

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.