Strs Ohio Trims Stock Position in Rexford Industrial Realty, Inc. $REXR

Key Points

• Strs Ohio trimmed its stake in Rexford by 66.8% in Q4, selling 64,183 shares and leaving 31,971 shares valued at about $1.24 million, signaling notable institutional selling.
• Multiple analysts have cut price targets (e.g., Scotiabank and Citigroup to $39), and the stock carries a consensus rating of Hold with an average target of $41.92.
• Rexford beat Q earnings estimates with $0.38 EPS but saw revenue slip year-over-year and set FY2026 guidance of $2.37–2.42 EPS, while also declaring a quarterly dividend of $0.435 (annualized yield ~4.8%).

Strs Ohio cut its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 66.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,971 shares of the real estate investment trust's stock after selling 64,183 shares during the period. Strs Ohio's holdings in Rexford Industrial Realty were worth $1,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Rexford Industrial Realty during the 4th quarter valued at about $31,000. Vision Financial Markets LLC purchased a new stake in shares of Rexford Industrial Realty in the third quarter worth about $33,000. Wiser Advisor Group LLC purchased a new stake in shares of Rexford Industrial Realty in the third quarter worth about $34,000. Allworth Financial LP grew its holdings 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 worth $40,000 after acquiring an additional 574 shares during the period. Finally, Quent Capital LLC purchased a new position in Rexford Industrial Realty during the third quarter valued at approximately $41,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REXR has been the subject of a number of analyst reports. Scotiabank decreased their price target on Rexford Industrial Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 2nd. Citigroup cut their target price on shares of Rexford Industrial Realty from $46.00 to $39.00 and set a "neutral" rating for the company in a report on Friday, February 13th. Robert W. Baird set a $40.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, February 17th. iA Financial set a $45.00 price target on shares of Rexford Industrial Realty in a report on Friday, February 6th. Finally, Barclays restated an "underweight" rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $41.92.

Rexford Industrial Realty Trading Up 2.1%

Shares of REXR stock opened at $36.30 on Thursday. The stock has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $38.54. Rexford Industrial Realty, Inc. has a 1-year low of $32.14 and a 1-year high of $44.38. The company has a market cap of $8.19 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 1.49 and a beta of 1.23. 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 (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $243.79 million. During the same quarter in the previous year, the firm earned $0.62 EPS. The firm's 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. On average, equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty's payout ratio is presently 187.10%.

Insider Activity at Rexford Industrial Realty

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 stock was sold at an average price of $35.47, for a total transaction of $1,181,115.53. Following the completion of the sale, the general counsel directly owned 33,299 shares in the company, valued at approximately $1,181,115.53. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Fitzmaurice bought 2,650 shares of the firm's stock in a transaction dated Friday, February 27th. The stock was purchased at an average price of $37.55 per share, for a total transaction of $99,507.50. Following the transaction, the chief financial officer owned 14,133 shares of the company's stock, valued at approximately $530,694.15. This represents a 23.08% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 12,960 shares of company stock worth $486,804 in the last quarter. 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.

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