Envestnet Asset Management Inc. Has $21.33 Million Position in Rexford Industrial Realty, Inc. $REXR

Envestnet Asset Management Inc. grew its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 22.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 518,758 shares of the real estate investment trust’s stock after buying an additional 93,581 shares during the period. Envestnet Asset Management Inc.’s holdings in Rexford Industrial Realty were worth $21,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quent Capital LLC acquired a new position in shares of Rexford Industrial Realty in the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC raised its stake 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 stake 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 worth $52,000 after buying an additional 1,399 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Rexford Industrial Realty in the third quarter valued at $56,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Rexford Industrial Realty by 69.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,834 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 749 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction on Monday, December 8th. The shares were 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 directly owned 583,538 shares in the company, valued at approximately $23,376,532.28. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 57,118 shares of company stock worth $2,345,706 in the last three months. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on REXR. Barclays reiterated an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Wells Fargo & Company upped their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Wall Street Zen cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Cantor Fitzgerald dropped their target price on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Finally, Zacks Research downgraded Rexford Industrial Realty from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 4th. 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.54.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $37.23 on Friday. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $44.38. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 43.80, a PEG ratio of 2.37 and a beta of 1.23. The stock has a 50 day moving average of $39.82 and a 200 day moving average of $40.51. The company has a current ratio of 2.51, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $248.10 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 4.7%. 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. Rexford Industrial Realty’s payout ratio is 202.35%.

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.