Walleye Capital LLC Takes $413,000 Position in Rexford Industrial Realty, Inc. $REXR

Walleye Capital LLC acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,552 shares of the real estate investment trust’s stock, valued at approximately $413,000.

Several other hedge funds have also recently modified their holdings of REXR. Mercer Global Advisors Inc. ADV acquired a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $706,000. AXA S.A. increased its holdings in shares of Rexford Industrial Realty by 2.8% during the fourth quarter. AXA S.A. now owns 222,139 shares of the real estate investment trust’s stock valued at $8,588,000 after acquiring an additional 5,975 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Rexford Industrial Realty by 9.6% during the fourth quarter. Ameriprise Financial Inc. now owns 751,640 shares of the real estate investment trust’s stock valued at $29,062,000 after acquiring an additional 65,966 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $7,605,000. Finally, Brevan Howard Capital Management LP increased its holdings in Rexford Industrial Realty by 133.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 39,848 shares of the real estate investment trust’s stock worth $1,541,000 after buying an additional 22,776 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Activity

In other news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $36.87, for a total transaction of $975,174.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on REXR shares. Truist Financial increased their price target on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Evercore ISI downgraded shares of Rexford Industrial Realty from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $39.00 to $38.00 in a report on Friday, July 18th. Scotiabank increased their price target on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Finally, Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $40.55.

Rexford Industrial Realty Trading Down 2.7%

Rexford Industrial Realty stock opened at $40.27 on Wednesday. The company has a current ratio of 5.59, a quick 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 $52.37. The stock’s 50 day simple moving average is $37.66 and its two-hundred day simple moving average is $36.95. The firm has a market cap of $9.53 billion, a PE ratio of 29.83, a P/E/G ratio of 4.60 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 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 for the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’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. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.43 per share. 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 dividend payout ratio (DPR) is 127.41%.

About Rexford Industrial Realty

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.