Davis Selected Advisers Has $13.35 Million Stock Position in Rexford Industrial Realty, Inc. $REXR

Key Points

• Davis Selected Advisers trimmed its stake in Rexford Industrial Realty by 12.7%, selling 50,320 shares and ending the quarter with 344,830 shares valued at about $13.35 million (≈0.15% of the company).
• Other large institutions — notably Goldman Sachs, AQR and RBC — increased holdings while company insiders (Director David P. Stockert and COO Laura E. Clark) bought shares; insiders purchased 12,960 shares (~$486,804) in the last 90 days and institutional ownership stands at 99.52%.
• Rexford reported a quarterly EPS beat ($0.38 vs. $0.27), set FY2026 guidance of 2.37–2.42 EPS, and announced a quarterly dividend of $0.435 (annualized yield ~4.9%) though the payout ratio is high at 187%; analysts’ consensus is a Hold with a $41.92 price target while the stock trades near $35.49.

Davis Selected Advisers lessened its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,830 shares of the real estate investment trust's stock after selling 50,320 shares during the period. Davis Selected Advisers owned about 0.15% of Rexford Industrial Realty worth $13,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in REXR. Royal Bank of Canada raised its holdings in shares of Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust's stock worth $9,849,000 after acquiring an additional 8,506 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Rexford Industrial Realty by 309.8% in the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust's stock worth $4,628,000 after acquiring an additional 89,390 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rexford Industrial Realty by 41.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock worth $70,931,000 after acquiring an additional 526,877 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Rexford Industrial Realty by 52.7% in the 2nd quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust's stock worth $603,000 after acquiring an additional 5,854 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Rexford Industrial Realty by 131.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Insiders Place Their Bets

In other news, Director David P. Stockert acquired 5,000 shares of Rexford Industrial Realty stock in a transaction on Friday, February 27th. The stock was acquired at an average cost of $37.39 per share, with a total value of $186,950.00. Following the transaction, the director owned 6,829 shares of the company's stock, valued at approximately $255,336.31. This trade represents a 273.37% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Laura E. Clark acquired 5,310 shares of Rexford Industrial Realty stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $37.73 per share, with a total value of $200,346.30. Following the completion of the transaction, the chief operating officer directly owned 5,310 shares in the company, valued at $200,346.30. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 12,960 shares of company stock worth $486,804 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. iA Financial set a $45.00 target price on shares of Rexford Industrial Realty in a report on Friday, February 6th. Wall Street Zen upgraded shares of Rexford Industrial Realty from a "strong sell" rating to a "sell" rating in a report on Sunday, April 26th. JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, February 18th. Citigroup lowered their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Finally, Barclays restated an "underweight" rating on shares of Rexford Industrial Realty in a report on Tuesday, January 13th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.92.

Rexford Industrial Realty Trading Down 1.1%

Shares of REXR stock opened at $35.49 on Friday. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.51 and a current ratio of 1.50. The company has a 50-day simple moving average of $35.25 and a two-hundred day simple moving average of $38.67. The company has a market capitalization of $8.01 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 1.50 and a beta of 1.23.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping 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 business had revenue of $242.14 million during the quarter, compared to the consensus estimate of $243.79 million. During the same period in the prior year, the firm posted $0.62 EPS. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. Research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 4.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Rexford Industrial Realty's dividend 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.

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