BNP Paribas Financial Markets Acquires 25,308 Shares of Rexford Industrial Realty, Inc. $REXR

BNP Paribas Financial Markets increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 914,878 shares of the real estate investment trust’s stock after purchasing an additional 25,308 shares during the period. BNP Paribas Financial Markets owned 0.39% of Rexford Industrial Realty worth $35,424,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Rexford Industrial Realty during the fourth quarter worth about $31,000. Vision Financial Markets LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth approximately $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Rexford Industrial Realty during the fourth quarter worth approximately $34,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth approximately $34,000. Finally, Allworth Financial LP boosted its holdings in shares of 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 worth $40,000 after acquiring an additional 574 shares during the period. Institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 33,299 shares of the business’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 transaction of $1,181,115.53. Following the completion of the transaction, the general counsel directly owned 33,299 shares in the company, valued at $1,181,115.53. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Frankel sold 23,132 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The shares were 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

REXR has been the subject of a number of research analyst reports. iA Financial set a $45.00 price objective on Rexford Industrial Realty in a report on Friday, February 6th. 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 report on Friday, February 13th. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Wells Fargo & Company reduced their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating for the company in a report on Monday. Finally, Scotiabank reduced their price objective on Rexford Industrial Realty from $39.00 to $38.00 and set a “sector perform” rating for the company in a report on Thursday, May 21st. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and an average price target of $41.46.

Rexford Industrial Realty Stock Up 0.1%

NYSE REXR opened at $34.08 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a 1-year low of $32.14 and a 1-year high of $44.38. The company has a 50 day moving average of $35.05 and a 200-day moving average of $37.62. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 1.42 and a beta of 1.21.

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

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s payout ratio is presently 187.10%.

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.