Wolverine Asset Management LLC Makes New Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• Wolverine Asset Management acquired a new position of 72,385 REXR shares in Q4 valued at about $2.803M, and institutional investors now own 99.52% of the stock.
• The company's General Counsel sold 33,299 shares for roughly $1.18M (cutting his stake by 50%), while a director bought 5,000 shares (a 273% increase), indicating mixed insider activity.
• Rexford beat quarterly EPS ($0.38 vs. $0.27) despite a YoY revenue decline, guided FY2026 EPS to 2.37–2.42, and declared a $0.435 quarterly dividend (annualized $1.74) with a 5.0% yield but a high payout ratio (187%).

Wolverine Asset Management LLC acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 72,385 shares of the real estate investment trust's stock, valued at approximately $2,803,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 7.4% in the third quarter. EverSource Wealth Advisors LLC now owns 3,493 shares of the real estate investment trust's stock valued at $144,000 after purchasing an additional 241 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Rexford Industrial Realty by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,185 shares of the real estate investment trust's stock valued at $213,000 after acquiring an additional 293 shares during the last quarter. Covestor Ltd raised its holdings in shares of Rexford Industrial Realty by 6.2% during the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust's stock worth $253,000 after purchasing an additional 359 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust's stock worth $1,261,000 after purchasing an additional 362 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Rexford Industrial Realty by 18.9% during the third quarter. UMB Bank n.a. now owns 2,355 shares of the real estate investment trust's stock worth $97,000 after purchasing an additional 374 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, General Counsel David E. Lanzer sold 33,299 shares of Rexford Industrial Realty stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the transaction, the general counsel owned 33,299 shares of the company's stock, valued at $1,181,115.53. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David P. Stockert bought 5,000 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average cost of $37.39 per share, for a total transaction of $186,950.00. Following the transaction, the director directly owned 6,829 shares of the company's stock, valued at $255,336.31. This trade represents a 273.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 12,960 shares of company stock valued at $486,804. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on REXR. Cantor Fitzgerald dropped their price objective on shares of Rexford Industrial Realty from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, February 6th. Evercore upgraded shares of Rexford Industrial Realty from an "in-line" rating to an "outperform" rating and set a $40.00 target price for the company in a research report on Monday, April 13th. Barclays reaffirmed an "underweight" rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Rexford Industrial Realty from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Rexford Industrial Realty presently has a consensus rating of "Hold" and a consensus price target of $41.92.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $35.13 on Tuesday. The firm has a market cap of $7.93 billion, a PE ratio of 37.77, a PEG ratio of 1.49 and a beta of 1.23. The firm's 50 day moving average price is $35.25 and its 200 day moving average price is $38.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 1.50. Rexford Industrial Realty, Inc. has a twelve month low of $32.14 and a twelve month high of $44.38.

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 for the quarter, beating the consensus estimate of $0.27 by $0.11. The firm had revenue of $242.14 million for 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 company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. Rexford Industrial Realty has set its FY 2026 guidance at 2.370-2.42 EPS. As a group, 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 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. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 5.0%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 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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