Bank of Montreal Can Has $2.41 Million Holdings in Rexford Industrial Realty, Inc. $REXR

Bank of Montreal Can raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 24.8% in the second quarter, Holdings Channel reports. The firm owned 67,760 shares of the real estate investment trust’s stock after buying an additional 13,470 shares during the period. Bank of Montreal Can’s holdings in Rexford Industrial Realty were worth $2,410,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in REXR. Envestnet Asset Management Inc. raised its position in Rexford Industrial Realty by 26.7% during the first quarter. Envestnet Asset Management Inc. now owns 362,822 shares of the real estate investment trust’s stock valued at $14,204,000 after acquiring an additional 76,568 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Rexford Industrial Realty by 27.9% during the 1st quarter. Cerity Partners LLC now owns 51,211 shares of the real estate investment trust’s stock worth $2,005,000 after purchasing an additional 11,182 shares during the last quarter. Xponance Inc. raised its holdings in shares of Rexford Industrial Realty by 2.3% during the 1st quarter. Xponance Inc. now owns 26,308 shares of the real estate investment trust’s stock valued at $1,030,000 after purchasing an additional 601 shares in the last quarter. CWM LLC lifted its stake in shares of Rexford Industrial Realty by 106.5% in the 1st quarter. CWM LLC now owns 4,221 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 2,177 shares during the last quarter. Finally, Securian Asset Management Inc. boosted its holdings in Rexford Industrial Realty by 3.0% in the first quarter. Securian Asset Management Inc. now owns 17,282 shares of the real estate investment trust’s stock worth $677,000 after purchasing an additional 501 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

REXR has been the subject of a number of analyst reports. BNP Paribas cut Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Cantor Fitzgerald started coverage on shares of Rexford Industrial Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price on the stock. Truist Financial upped their price target on shares of Rexford Industrial Realty from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. BNP Paribas Exane reiterated a “neutral” rating and issued a $47.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Finally, Mizuho increased their target price on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.77.

Rexford Industrial Realty Stock Down 1.2%

NYSE REXR opened at $41.73 on Thursday. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market cap of $9.71 billion, a PE ratio of 29.39, a PEG ratio of 3.05 and a beta of 1.15. The firm has a 50-day simple moving average of $42.05 and a 200 day simple moving average of $38.54.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm had revenue of $246.76 million during the quarter, compared to analysts’ expectations of $253.46 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. Rexford Industrial Realty’s payout ratio is currently 121.13%.

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.