SG Americas Securities LLC Invests $1.34 Million in Rexford Industrial Realty, Inc. $REXR

SG Americas Securities LLC purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) during the second quarter, Holdings Channel reports. The firm purchased 37,670 shares of the real estate investment trust’s stock, valued at approximately $1,340,000.

Several other institutional investors and hedge funds have also bought and sold shares of REXR. Northwestern Mutual Wealth Management Co. grew its stake in shares of Rexford Industrial Realty by 403.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 553 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake 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 buying an additional 800 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Rexford Industrial Realty by 2,331.7% during the second quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,399 shares during the period. Avalon Trust Co purchased a new position in Rexford Industrial Realty in the 1st quarter worth $66,000. Finally, CWM LLC lifted its position in Rexford Industrial Realty by 106.5% during the 1st quarter. CWM LLC now owns 4,221 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 2,177 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wolfe Research cut Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Industrial Alliance Securities set a $42.00 price target on Rexford Industrial Realty in a research report on Wednesday. Barclays upped their price objective on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, September 15th. Wells Fargo & Company increased their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, BNP Paribas Exane reissued a “neutral” rating and issued a $47.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.08.

Rexford Industrial Realty Stock Up 1.9%

REXR stock opened at $41.02 on Friday. The stock has a market cap of $9.55 billion, a P/E ratio of 28.88, a PEG ratio of 3.05 and a beta of 1.15. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The company’s 50 day moving average is $41.74 and its two-hundred day moving average is $38.85. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company had revenue of $253.24 million during the quarter, compared to analysts’ expectations of $253.46 million. During the same quarter last year, the business earned $0.59 EPS. The business’s 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. 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 business also recently announced 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 of this dividend is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio is presently 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.