Geode Capital Management LLC Has $160.98 Million Position in Rexford Industrial Realty, Inc. $REXR

Geode Capital Management LLC boosted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,525,150 shares of the real estate investment trust’s stock after acquiring an additional 167,800 shares during the period. Geode Capital Management LLC’s holdings in Rexford Industrial Realty were worth $160,984,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Nuveen LLC acquired a new stake in shares of Rexford Industrial Realty during the 1st quarter worth $146,155,000. Anchor Capital Advisors LLC bought a new stake in Rexford Industrial Realty during the second quarter worth about $40,369,000. Vanguard Group Inc. grew its stake in Rexford Industrial Realty by 2.6% during the first quarter. Vanguard Group Inc. now owns 30,711,076 shares of the real estate investment trust’s stock worth $1,202,339,000 after buying an additional 779,095 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Rexford Industrial Realty by 18.3% during the first quarter. JPMorgan Chase & Co. now owns 3,856,451 shares of the real estate investment trust’s stock worth $150,980,000 after buying an additional 595,759 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Rexford Industrial Realty by 41.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after buying an additional 526,877 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Up 1.2%

Shares of NYSE:REXR opened at $40.80 on Wednesday. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $44.38. The company has a market capitalization of $9.50 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. The company has a fifty day moving average of $41.90 and a 200-day moving average of $38.78.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The business had revenue of $253.24 million for the quarter, compared to analyst estimates of $253.46 million. During the same quarter in the previous year, the company posted $0.59 EPS. Rexford Industrial Realty’s quarterly revenue was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 121.13%.

Analyst Ratings Changes

A number of analysts have recently weighed in on REXR shares. Evercore ISI upped their price target on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Scotiabank upped their target price on Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Wells Fargo & Company lifted their price target on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. BNP Paribas Exane reissued a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, October 21st. Finally, UBS Group set a $44.00 price objective on Rexford Industrial Realty in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.77.

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.