Wellington Management Group LLP Sells 649,490 Shares of Rexford Industrial Realty, Inc. $REXR

Key Points

• Wellington Management cut its Rexford Industrial Realty position by 23.8% in the second quarter, selling 649,490 shares and retaining 2.08 million shares valued at approximately $69.8 million. Institutional investors and hedge funds collectively own 99.52% of REXR.
• Analyst sentiment is mixed, with five Buy, six Hold and four Sell ratings; the stock has an average “Hold” rating and a consensus price target of $41.00. Recent target reductions included Truist to $38 and Barclays to $36.
• REXR reported a quarterly loss of $2.26 per share, missing estimates of $0.60, while revenue of $243 million slightly exceeded expectations. The company declared a quarterly dividend of $0.435 per share, equal to a 4.8% annualized yield.

Wellington Management Group LLP lessened its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,082,135 shares of the real estate investment trust's stock after selling 649,490 shares during the period. Wellington Management Group LLP owned 0.93% of Rexford Industrial Realty worth $69,752,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty in the 3rd quarter valued at approximately $34,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Rexford Industrial Realty during the 4th quarter worth $34,000. Allworth Financial LP acquired a new position in Rexford Industrial Realty during the 2nd quarter worth about $33,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Rexford Industrial Realty in the first quarter valued at about $33,000. Finally, Caitlin John LLC bought a new position in shares of Rexford Industrial Realty during the second quarter worth about $36,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REXR has been the subject of several analyst reports. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $40.00 to $38.00 and set a "buy" rating for the company in a report on Thursday, May 21st. Jefferies Financial Group lowered Rexford Industrial Realty from a "buy" rating to a "hold" rating and set a $40.00 target price on the stock. in a research report on Thursday, August 6th. Barclays dropped their price target on Rexford Industrial Realty from $40.00 to $36.00 and set an "underweight" rating on the stock in a research note on Thursday, July 16th. Citigroup reiterated a "neutral" rating on shares of Rexford Industrial Realty in a research note on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Rexford Industrial Realty from a "sell" rating to a "strong sell" rating in a report on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus target price of $41.00.

Rexford Industrial Realty Trading Down 1.2%

Shares of Rexford Industrial Realty stock opened at $36.62 on Thursday. The stock has a market capitalization of $8.17 billion, a PE ratio of -20.23 and a beta of 1.18. Rexford Industrial Realty, Inc. has a 52 week low of $32.14 and a 52 week high of $44.38. The stock has a 50 day moving average price of $36.32 and a two-hundred day moving average price of $35.62. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.70.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($2.26) earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($2.86). Rexford Industrial Realty had a negative return on equity of 4.61% and a negative net margin of 39.22%.The firm had revenue of $243.00 million for the quarter, compared to analyst estimates of $240.24 million. During the same period in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty's revenue for the quarter was down 1.6% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2026 guidance at 2.380-2.430 EPS. As a group, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.435 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.74 annualized dividend and a dividend yield of 4.8%. Rexford Industrial Realty's payout ratio is presently -96.13%.

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.

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