Pinebridge Investments LLC Invests $2.79 Million in Rexford Industrial Realty, Inc. $REXR

Pinebridge Investments LLC purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 4th quarter, HoldingsChannel reports. The firm purchased 72,096 shares of the real estate investment trust’s stock, valued at approximately $2,792,000.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth $31,000. Vision Financial Markets LLC acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth $34,000. Wiser Advisor Group LLC acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth $34,000. Finally, Allworth Financial LP increased its stake in shares of Rexford Industrial Realty by 140.3% during the 3rd quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 574 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Transactions at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the transaction, the general counsel directly owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Frankel sold 23,132 shares of the firm’s 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 transaction, the chief executive officer directly owned 560,406 shares of the company’s stock, valued at $19,776,727.74. The trade was a 3.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Zacks Research upgraded shares of Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Scotiabank lowered their target price on shares of Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 21st. Finally, Citigroup lowered their target price on shares of 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. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus price target of $41.46.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $34.07 on Monday. The firm has a fifty day moving average price of $35.07 and a two-hundred day moving average price of $37.53. The company has a market cap of $7.69 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Analysts expect that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 187.10%.

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.