Vanguard Group Inc. Reduces Stake in Rexford Industrial Realty, Inc. $REXR

Key Points

• Vanguard trimmed its stake by 1.2% in Q4, selling 393,590 shares and still owning 31,930,569 shares — about 13.72% of Rexford worth ~$1.24 billion, while institutional investors hold roughly 99.5% of the stock.
• Rexford declared a quarterly dividend of $0.435 (annualized $1.74) implying a 4.9% yield, but the payout ratio is an elevated 187.1%, raising sustainability concerns.
• Quarterly results showed an EPS beat ($0.38 vs. $0.27 est.) despite revenue slightly missing and falling 2.9% YoY; the company set FY2026 guidance of $2.37–$2.42 EPS and analysts' consensus is roughly $2.39 with a "Hold" rating.

Vanguard Group Inc. reduced its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,930,569 shares of the real estate investment trust's stock after selling 393,590 shares during the quarter. Vanguard Group Inc. owned about 13.72% of Rexford Industrial Realty worth $1,236,352,000 as of its most recent SEC filing.

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

Rexford Industrial Realty Trading Down 1.1%

NYSE REXR opened at $35.49 on Friday. The stock has a market cap of $7.97 billion, a PE ratio of 38.16, a PEG ratio of 1.50 and a beta of 1.26. Rexford Industrial Realty, Inc. has a 12 month low of $32.14 and a 12 month high of $44.38. The company's 50-day moving average price is $35.25 and its 200-day moving average price is $38.67. The company has a current ratio of 1.50, a quick ratio of 2.51 and a debt-to-equity ratio of 0.38.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $242.14 million during the quarter, compared to analyst estimates of $243.79 million. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business 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 2.39 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared 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. The ex-dividend date is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 4.9%. 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 firm's stock in a transaction 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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David P. Stockert bought 5,000 shares of the firm's stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $37.39 per share, with a total value of $186,950.00. Following the completion of the transaction, the director owned 6,829 shares in the company, valued at $255,336.31. This represents a 273.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 12,960 shares of company stock valued at $486,804 over the last 90 days. 1.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on REXR shares. Cantor Fitzgerald reduced their target price on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, February 6th. JPMorgan Chase & Co. dropped their price target on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Scotiabank cut their price target on shares of Rexford Industrial Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. Evercore raised shares of Rexford Industrial Realty from an "in-line" rating to an "outperform" rating and set a $40.00 price objective on the stock in a research report on Monday, April 13th. Finally, Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of "Hold" and an average price target of $41.92.

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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