Rexford Industrial Realty, Inc. $REXR Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. raised its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 649,966 shares of the real estate investment trust’s stock after buying an additional 59,671 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Rexford Industrial Realty were worth $23,119,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Cetera Investment Advisers increased its position in Rexford Industrial Realty by 52.7% during the second quarter. Cetera Investment Advisers now owns 16,956 shares of the real estate investment trust’s stock worth $603,000 after purchasing an additional 5,854 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Rexford Industrial Realty during the 2nd quarter valued at approximately $1,340,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Rexford Industrial Realty by 9.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 137,446 shares of the real estate investment trust’s stock valued at $4,889,000 after acquiring an additional 11,440 shares during the last quarter. Davis Selected Advisers grew its position in Rexford Industrial Realty by 3.1% in the second quarter. Davis Selected Advisers now owns 375,010 shares of the real estate investment trust’s stock worth $13,339,000 after acquiring an additional 11,390 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in Rexford Industrial Realty by 13.2% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 90,263 shares of the real estate investment trust’s stock worth $3,211,000 after acquiring an additional 10,492 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 0.6%

NYSE:REXR opened at $40.97 on Friday. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $44.38. The firm has a market cap of $9.54 billion, a PE ratio of 28.85, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. The stock has a fifty day moving average price of $41.99 and a 200 day moving average price of $38.65.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $253.24 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%.Rexford Industrial Realty’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared 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 is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. Rexford Industrial Realty’s payout ratio is currently 121.13%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on REXR shares. Mizuho increased their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Barclays lifted their price target on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, September 15th. BNP Paribas lowered shares of Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company increased their price objective on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.77.

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.