F m Investments LLC Boosts Position in Rexford Industrial Realty, Inc. $REXR

F m Investments LLC grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,172 shares of the real estate investment trust’s stock after acquiring an additional 1,442 shares during the period. F m Investments LLC’s holdings in Rexford Industrial Realty were worth $860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in REXR. Allspring Global Investments Holdings LLC raised its position in shares of Rexford Industrial Realty by 3.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after acquiring an additional 423 shares during the period. Amundi increased its stake in shares of Rexford Industrial Realty by 5.8% in the 1st quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock valued at $4,544,000 after purchasing an additional 6,970 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in Rexford Industrial Realty in the 2nd quarter worth about $267,000. Truvestments Capital LLC acquired a new position in Rexford Industrial Realty in the 1st quarter worth about $3,030,000. Finally, Canoe Financial LP purchased a new position in Rexford Industrial Realty during the second quarter worth approximately $1,227,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 0.1%

Shares of REXR opened at $41.61 on Friday. The stock has a 50 day moving average price of $41.63 and a 200 day moving average price of $39.12. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. 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 stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 3.05 and a beta of 1.15.

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 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 for the quarter, compared to analysts’ expectations of $253.46 million. During the same quarter in the previous year, the company posted $0.59 EPS. The firm’s quarterly 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. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is currently 121.13%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Scotiabank boosted their price objective on Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. BNP Paribas lowered Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Industrial Alliance Securities set a $42.00 price target on shares of Rexford Industrial Realty in a report on Wednesday, November 19th. Wells Fargo & Company upped 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. Finally, UBS Group set a $44.00 price objective on shares of Rexford Industrial Realty in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.08.

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.