Rexford Industrial Realty, Inc. $REXR Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 862,313 shares of the real estate investment trust’s stock after buying an additional 3,121 shares during the period. William Blair Investment Management LLC owned 0.36% of Rexford Industrial Realty worth $30,672,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. M&T Bank Corp boosted its holdings in Rexford Industrial Realty by 1.2% in the first quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust’s stock valued at $1,052,000 after acquiring an additional 317 shares during the last quarter. Caitlin John LLC lifted its stake in shares of Rexford Industrial Realty by 6.4% in the 2nd quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 361 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Rexford Industrial Realty by 95.6% during the 1st 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 period. Federated Hermes Inc. increased its position in Rexford Industrial Realty by 2.2% during the 1st quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 388 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in Rexford Industrial Realty by 118.4% during the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REXR has been the subject of several research reports. Mizuho boosted their price objective on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 8th. Barclays lifted their target price on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, September 15th. Wall Street Zen downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday. Industrial Alliance Securities set a $40.00 price objective on Rexford Industrial Realty in a research note on Monday, September 15th. Finally, Truist Financial increased their target price on Rexford Industrial Realty from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.00.

Insider Buying and Selling at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction on Monday, July 21st. The shares were 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 available at the SEC website. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $43.72 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 5.59. The firm has a 50-day moving average of $41.13 and a two-hundred day moving average of $37.36. The stock has a market cap of $10.35 billion, a P/E ratio of 30.79, a PEG ratio of 4.84 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $46.22.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $246.76 million for the quarter, compared to analyst estimates of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

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. This represents a $1.72 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is 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.