Rexford Industrial Realty, Inc. $REXR Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 54.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,871 shares of the real estate investment trust’s stock after selling 115,050 shares during the quarter. Russell Investments Group Ltd.’s holdings in Rexford Industrial Realty were worth $3,793,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Utah Retirement Systems lifted its holdings in shares of Rexford Industrial Realty by 0.8% in the fourth quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust’s stock valued at $1,392,000 after buying an additional 300 shares during the period. M&T Bank Corp lifted its holdings in shares of Rexford Industrial Realty by 1.2% in the first quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust’s stock valued at $1,052,000 after buying an additional 317 shares during the period. Private Trust Co. NA lifted its holdings in shares of Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 370 shares during the period. Federated Hermes Inc. boosted its stake in shares of Rexford Industrial Realty by 2.2% during the 1st quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust’s stock worth $716,000 after acquiring an additional 388 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Rexford Industrial Realty by 118.4% during the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 405 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $40.3910 on Friday. The stock has a market cap of $9.56 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 4.34 and a beta of 1.10. The business has a fifty day simple moving average of $37.07 and a 200-day simple moving average of $36.94. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The business had revenue of $241.57 million during the quarter, compared to analyst estimates of $251.72 million. During the same period last year, the company earned $0.60 earnings per share. Rexford Industrial Realty’s quarterly revenue was up 5.0% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.43 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.3%. Rexford Industrial Realty’s payout ratio is presently 127.41%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REXR. Barclays reduced their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, April 30th. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their price objective on Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, May 19th. Scotiabank reduced their price objective on Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, May 12th. Finally, Truist Financial raised their price objective on Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.27.

Insider Activity at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $36.87, for a total value of $975,174.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.