Rexford Industrial Realty, Inc. $REXR Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 73.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 758,254 shares of the real estate investment trust’s stock after selling 2,049,121 shares during the period. Schroder Investment Management Group’s holdings in Rexford Industrial Realty were worth $26,971,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of REXR. Allspring Global Investments Holdings LLC increased its holdings in shares of Rexford Industrial Realty by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 423 shares during the last quarter. Amundi boosted its holdings in Rexford Industrial Realty by 5.8% in the first quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock valued at $4,544,000 after acquiring an additional 6,970 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Rexford Industrial Realty during the second quarter valued at about $267,000. Truvestments Capital LLC purchased a new stake in Rexford Industrial Realty during the first quarter valued at about $3,030,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Rexford Industrial Realty by 3.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,815 shares of the real estate investment trust’s stock worth $9,206,000 after acquiring an additional 9,443 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Down 0.3%

Shares of NYSE:REXR opened at $41.32 on Wednesday. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15. The company has a 50 day moving average of $41.60 and a two-hundred day moving average of $39.23. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $44.38. 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 (NYSE:REXR) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $253.24 million during the quarter, compared to the consensus estimate of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders 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 annualized dividend and a dividend yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 121.13%.

Analysts Set New Price Targets

REXR has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Industrial Alliance Securities set a $42.00 price objective on shares of Rexford Industrial Realty in a research note on Wednesday, November 19th. Wolfe Research downgraded shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Finally, BNP Paribas cut shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.00.

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.