Thrivent Financial for Lutherans Sells 16,540 Shares of Rexford Industrial Realty, Inc. $REXR

Thrivent Financial for Lutherans reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,871 shares of the real estate investment trust’s stock after selling 16,540 shares during the period. Thrivent Financial for Lutherans’ holdings in Rexford Industrial Realty were worth $4,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in REXR. Legacy Wealth Asset Management LLC lifted its position in Rexford Industrial Realty by 1.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock worth $607,000 after purchasing an additional 278 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rexford Industrial Realty by 6.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust’s stock worth $213,000 after purchasing an additional 293 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of Rexford Industrial Realty by 0.7% in the 1st quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock worth $1,753,000 after purchasing an additional 308 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Rexford Industrial Realty by 0.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 117,425 shares of the real estate investment trust’s stock valued at $4,177,000 after purchasing an additional 311 shares during the last quarter. Finally, Covestor Ltd boosted its stake in shares of Rexford Industrial Realty by 6.2% in the 3rd quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 359 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analysts Set New Price Targets

REXR has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Zacks Research downgraded Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a report on Wednesday. Wolfe Research downgraded Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $42.83.

Insider Activity at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $40.06, for a total value of $751,125.00. Following the sale, the chief executive officer owned 583,538 shares in the company, valued at $23,376,532.28. This represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 57,118 shares of company stock worth $2,345,706 over the last ninety days. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Trading Up 0.6%

Shares of Rexford Industrial Realty stock opened at $38.97 on Friday. The stock has a market capitalization of $9.07 billion, a PE ratio of 45.85, a price-to-earnings-growth ratio of 2.50 and a beta of 1.23. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $44.38. The stock has a 50 day moving average price of $40.17 and a two-hundred day moving average price of $40.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.51.

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 analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The company had revenue of $248.10 million for the quarter, compared to analysts’ expectations of $249.05 million. During the same period last year, the business earned $0.58 EPS. Rexford Industrial Realty’s quarterly revenue was up 2.1% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. 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 dividend yield of 4.5%. The ex-dividend date is Tuesday, March 31st. Rexford Industrial Realty’s dividend payout ratio 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.