Aew Capital Management L P Has $62,000 Position in Rexford Industrial Realty, Inc. $REXR

Aew Capital Management L P cut its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 98.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,500 shares of the real estate investment trust’s stock after selling 118,980 shares during the period. Aew Capital Management L P’s holdings in Rexford Industrial Realty were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Rexford Industrial Realty by 7.4% in the third quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 241 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in shares of Rexford Industrial Realty by 1.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock worth $607,000 after buying an additional 278 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Rexford Industrial Realty by 6.0% during 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 buying an additional 293 shares during the period. Summit Investment Advisors Inc. increased its stake 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 valued at $1,753,000 after acquiring an additional 308 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Rexford Industrial Realty by 6.2% during the 3rd quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock valued at $253,000 after acquiring an additional 359 shares during the period. Institutional investors own 99.52% of the company’s stock.

Insider Activity

In other 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 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 through this hyperlink. In the last three months, insiders have sold 57,118 shares of company stock valued at $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Price Performance

REXR stock opened at $37.14 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.51 and a current ratio of 2.51. The business has a 50-day simple moving average of $39.34 and a two-hundred day simple moving average of $40.59. The company has a market capitalization of $8.61 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 2.71 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.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $248.10 million for the quarter, compared to analyst estimates of $249.05 million. Rexford Industrial Realty had a return on equity of 2.37% and a net margin of 21.03%.The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.350-2.400 EPS. Research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.435 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.74 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.43. Rexford Industrial Realty’s payout ratio is presently 202.35%.

Analysts Set New Price Targets

REXR has been the subject of a number of research reports. Scotiabank raised their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Robert W. Baird set a $40.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, February 17th. Mizuho boosted their target price on Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Evercore dropped their price target on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. Finally, Citigroup reduced their price objective on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.31.

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.