Inceptionr LLC Has $324,000 Holdings in Rexford Industrial Realty, Inc. $REXR

Inceptionr LLC decreased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 67.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,111 shares of the real estate investment trust’s stock after selling 19,114 shares during the quarter. Inceptionr LLC’s holdings in Rexford Industrial Realty were worth $324,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of Rexford Industrial Realty during the first quarter valued at $146,155,000. Vanguard Group Inc. increased its position in shares of Rexford Industrial Realty by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock worth $1,154,629,000 after purchasing an additional 1,749,685 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in Rexford Industrial Realty during the 2nd quarter valued at about $40,369,000. JPMorgan Chase & Co. boosted its position in Rexford Industrial Realty by 18.3% in the first quarter. JPMorgan Chase & Co. now owns 3,856,451 shares of the real estate investment trust’s stock valued at $150,980,000 after buying an additional 595,759 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after buying an additional 526,877 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Down 0.1%

Shares of REXR opened at $41.61 on Friday. The business’s fifty day moving average price is $41.63 and its two-hundred day moving average price is $39.12. The firm 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, Inc. has a 52 week low of $29.68 and a 52 week 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.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results 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. The company had revenue of $253.24 million during the quarter, compared to the consensus estimate of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. Rexford Industrial Realty’s dividend payout ratio is presently 121.13%.

Analyst Upgrades and Downgrades

REXR has been the subject of several recent analyst reports. BNP Paribas lowered shares of Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Cantor Fitzgerald assumed coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. UBS Group set a $44.00 target price on Rexford Industrial Realty in a research note on Monday, November 10th. Finally, Barclays upped their price target on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.