Norges Bank Acquires Shares of 1,905,402 Rexford Industrial Realty, Inc. $REXR

Norges Bank acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the fourth quarter, Holdings Channel reports. The fund acquired 1,905,402 shares of the real estate investment trust’s stock, valued at approximately $73,777,000.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in Rexford Industrial Realty by 24.3% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,592 shares of the real estate investment trust’s stock valued at $12,529,000 after acquiring an additional 63,313 shares during the last quarter. Cibc World Market Inc. bought a new position in Rexford Industrial Realty during the 3rd quarter valued at $41,111,000. Vestcor Inc bought a new position in Rexford Industrial Realty during the 3rd quarter valued at $1,794,000. Barclays PLC boosted its stake in Rexford Industrial Realty by 175.0% during the 3rd quarter. Barclays PLC now owns 1,994,915 shares of the real estate investment trust’s stock valued at $82,011,000 after acquiring an additional 1,269,603 shares during the last quarter. Finally, AR Asset Management Inc. boosted its stake in Rexford Industrial Realty by 28.2% during the 3rd quarter. AR Asset Management Inc. now owns 77,050 shares of the real estate investment trust’s stock valued at $3,168,000 after acquiring an additional 16,950 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Down 0.5%

Shares of NYSE:REXR opened at $34.07 on Friday. The stock has a market capitalization of $7.69 billion, a price-to-earnings 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 1-year low of $32.14 and a 1-year high of $44.38. The company’s fifty day moving average is $35.07 and its two-hundred day moving average is $37.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. The company had revenue of $242.14 million for the quarter, compared to analysts’ expectations 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 was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.435 dividend. 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 187.10%.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the sale, the general counsel owned 33,299 shares of the company’s stock, valued at $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 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 sale, 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 position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on REXR. Wells Fargo & Company dropped their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. Robert W. Baird set a $40.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, February 17th. Citigroup dropped 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 report on Friday, February 13th. Truist Financial dropped 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 report on Thursday, May 21st. Finally, Evercore raised shares of Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.46.

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.