UniSuper Management Pty Ltd Boosts Stock Position in Rexford Industrial Realty, Inc. $REXR

UniSuper Management Pty Ltd raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,500 shares of the real estate investment trust’s stock after buying an additional 1,100 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Rexford Industrial Realty were worth $2,447,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Rexford Industrial Realty by 403.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 553 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Rexford Industrial Realty by 332.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 566 shares in the last quarter. Bessemer Group Inc. boosted its stake in Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 405 shares in the last quarter. Private Trust Co. NA grew its holdings in 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 worth $30,000 after purchasing an additional 370 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its position in shares of Rexford Industrial Realty by 280.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 800 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on REXR. Scotiabank increased their price objective on Rexford Industrial Realty from $40.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, September 4th. Industrial Alliance Securities set a $39.00 price objective on Rexford Industrial Realty in a report on Monday. Evercore ISI increased their price objective on Rexford Industrial Realty from $38.00 to $39.00 and gave the company an “in-line” rating in a report on Monday. Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Finally, Truist Financial increased their price objective on Rexford Industrial Realty from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.55.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $42.78 on Wednesday. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 4.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59. The business has a fifty day moving average of $38.29 and a 200 day moving average of $37.00. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.37.

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

Rexford Industrial Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 4.0%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 127.41%.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $36.87, for a total value of $975,174.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Rexford Industrial Realty 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.