Mitsubishi UFJ Asset Management Co. Ltd. Acquires 13,051 Shares of Rexford Industrial Realty, Inc. $REXR

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,610 shares of the real estate investment trust’s stock after buying an additional 13,051 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Rexford Industrial Realty were worth $6,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of REXR. Allspring Global Investments Holdings LLC grew its position in shares of Rexford Industrial Realty by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 423 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Rexford Industrial Realty during the second quarter valued at approximately $267,000. Amundi boosted its stake in Rexford Industrial Realty by 5.8% during the first quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock valued at $4,544,000 after buying an additional 6,970 shares during the last quarter. Truvestments Capital LLC purchased a new position in Rexford Industrial Realty during the 1st quarter valued at approximately $3,030,000. Finally, Cerity Partners LLC increased its stake in Rexford Industrial Realty by 27.9% in the 1st quarter. Cerity Partners LLC now owns 51,211 shares of the real estate investment trust’s stock worth $2,005,000 after acquiring an additional 11,182 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on REXR shares. Wells Fargo & Company increased their target price on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Evercore ISI increased their price objective on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Wolfe Research cut shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. UBS Group set a $44.00 target price on shares of Rexford Industrial Realty in a research report on Monday. Finally, Barclays increased their price target 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. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.77.

Rexford Industrial Realty Stock Down 1.2%

NYSE REXR opened at $41.73 on Thursday. 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 52 week low of $29.68 and a 52 week high of $44.38. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 3.05 and a beta of 1.15. The company has a fifty day moving average of $42.05 and a two-hundred day moving average of $38.54.

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 $246.76 million for 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.72 annualized dividend and a yield of 4.1%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 121.13%.

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.