Bank of New York Mellon Corp Sells 127,705 Shares of Rexford Industrial Realty, Inc. $REXR

Bank of New York Mellon Corp lowered its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,738,499 shares of the real estate investment trust’s stock after selling 127,705 shares during the quarter. Bank of New York Mellon Corp’s holdings in Rexford Industrial Realty were worth $56,901,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in REXR. V Square Quantitative Management LLC bought a new position in Rexford Industrial Realty in the fourth quarter worth approximately $31,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty in the 3rd quarter worth $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Rexford Industrial Realty in the 4th quarter worth $34,000. Allworth Financial LP lifted its position in Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Rexford Industrial Realty during the fourth quarter valued at $45,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 2.2%

Rexford Industrial Realty stock opened at $35.96 on Friday. The stock has a market cap of $8.12 billion, a P/E ratio of 38.67, a PEG ratio of 1.53 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.50 and a quick ratio of 1.50. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The firm’s 50 day moving average price is $34.85 and its 200-day moving average price is $36.12.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm had revenue of $243.00 million during the quarter, compared to analyst estimates of $240.24 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. Rexford Industrial Realty’s revenue for the quarter was down 1.6% on a year-over-year basis. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. On average, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.4 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.435 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.74 annualized dividend and a yield of 4.8%. Rexford Industrial Realty’s payout ratio is presently 187.10%.

Insider Buying and Selling

In other Rexford Industrial Realty 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 transaction of $1,181,115.53. Following the completion of the transaction, the general counsel owned 33,299 shares of the company’s stock, valued at $1,181,115.53. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on REXR shares. JPMorgan Chase & Co. lowered Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and cut their price target for the company from $38.00 to $36.00 in a report on Wednesday, June 17th. Barclays lowered their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Raymond James Financial assumed coverage on shares of Rexford Industrial Realty in a report on Wednesday, June 17th. They issued an “underperform” rating for the company. Truist Financial decreased 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 research note 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 price target on the stock in a report on Monday, April 13th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $40.38.

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.