Intech Investment Management LLC Has $3.14 Million Stake in Rexford Industrial Realty, Inc. $REXR

Intech Investment Management LLC lessened its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 48.2% in the second quarter, Holdings Channel.com reports. The fund owned 88,347 shares of the real estate investment trust’s stock after selling 82,073 shares during the quarter. Intech Investment Management LLC’s holdings in Rexford Industrial Realty were worth $3,143,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in REXR. CWM LLC increased 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 acquiring an additional 2,177 shares during the last quarter. Lindbrook Capital LLC grew its holdings in Rexford Industrial Realty by 49.7% during the first quarter. Lindbrook Capital LLC now owns 7,931 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 2,632 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Rexford Industrial Realty during the first quarter valued at approximately $12,921,000. KLP Kapitalforvaltning AS increased its stake in Rexford Industrial Realty by 2.0% in the first quarter. KLP Kapitalforvaltning AS now owns 44,900 shares of the real estate investment trust’s stock valued at $1,774,000 after purchasing an additional 900 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in Rexford Industrial Realty in the first quarter worth $263,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on REXR. BNP Paribas cut shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Cantor Fitzgerald assumed coverage on Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price for the company. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, October 21st. Scotiabank lifted their price objective on Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Industrial Alliance Securities set a $40.00 target price on Rexford Industrial Realty in a research note on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.77.

Rexford Industrial Realty Trading Up 1.2%

Shares of Rexford Industrial Realty stock opened at $40.80 on Wednesday. The stock has a market cap of $9.50 billion, a P/E ratio of 28.73, a P/E/G ratio of 3.05 and a beta of 1.15. The company has a quick ratio of 2.95, a current ratio of 2.95 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 $44.38. The business’s 50 day moving average is $41.90 and its 200-day moving average is $38.78.

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, topping analysts’ consensus estimates 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 business had revenue of $253.24 million during the quarter, compared to analysts’ expectations of $253.46 million. During the same quarter last year, the company posted $0.59 earnings per share. Rexford Industrial Realty’s quarterly revenue 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. Equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio is 121.13%.

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.