Rexford Industrial Realty, Inc. $REXR Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,866,204 shares of the real estate investment trust’s stock after acquiring an additional 78,006 shares during the period. Bank of New York Mellon Corp’s holdings in Rexford Industrial Realty were worth $72,259,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REXR. Royal Bank of Canada lifted its holdings in shares of Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after purchasing an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after purchasing an additional 526,877 shares during the last quarter. Cetera Investment Advisers raised its position in Rexford Industrial Realty by 52.7% during the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock valued at $603,000 after buying an additional 5,854 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Rexford Industrial Realty by 131.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after buying an additional 1,848 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Citigroup dropped their price target on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Robert W. Baird set a $40.00 price target on Rexford Industrial Realty in a research report on Tuesday, February 17th. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Scotiabank cut their price target on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating for the company in a research note on Thursday, May 21st. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.46.

Rexford Industrial Realty Stock Up 2.9%

REXR opened at $34.96 on Wednesday. Rexford Industrial Realty, Inc. has a fifty-two week low of $32.14 and a fifty-two week high of $44.38. The business has a 50-day moving average of $35.13 and a 200-day moving average of $37.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market capitalization of $7.89 billion, a PE ratio of 37.59, a price-to-earnings-growth ratio of 1.42 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The business had revenue of $242.14 million for the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a return on equity of 2.64% and a net margin of 23.25%.The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 EPS. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.0%. Rexford Industrial Realty’s dividend payout ratio is currently 187.10%.

Insider Transactions at Rexford Industrial Realty

In other news, 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 transaction, the chief executive officer owned 560,406 shares of the company’s stock, valued at approximately $19,776,727.74. This represents a 3.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel David E. Lanzer sold 33,299 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.

Rexford Industrial Realty Company 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.