Envestnet Portfolio Solutions Inc. Has $751,000 Stock Position in Rexford Industrial Realty, Inc. $REXR

Envestnet Portfolio Solutions Inc. increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 297.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 21,108 shares of the real estate investment trust’s stock after purchasing an additional 15,797 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Rexford Industrial Realty were worth $751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of REXR. Sequoia Financial Advisors LLC bought a new position in Rexford Industrial Realty during the second quarter worth about $586,000. Yousif Capital Management LLC raised its stake in Rexford Industrial Realty by 2.5% in the 2nd quarter. Yousif Capital Management LLC now owns 87,346 shares of the real estate investment trust’s stock valued at $3,107,000 after acquiring an additional 2,131 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Rexford Industrial Realty by 3.3% during 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 purchasing an additional 423 shares during the period. CWM LLC raised its position in shares of Rexford Industrial Realty by 637.5% in the second quarter. CWM LLC now owns 31,129 shares of the real estate investment trust’s stock valued at $1,107,000 after purchasing an additional 26,908 shares during the period. Finally, Aberdeen Group plc boosted its holdings in shares of Rexford Industrial Realty by 32.8% during the 2nd quarter. Aberdeen Group plc now owns 77,940 shares of the real estate investment trust’s stock worth $2,772,000 after buying an additional 19,259 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $44.26 on Tuesday. The firm has a 50 day simple moving average of $41.28 and a 200 day simple moving average of $37.44. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 4.84 and a beta of 1.13. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $45.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 5.59.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $246.76 million during the quarter, compared to analysts’ expectations 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 was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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 3.9%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 121.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Industrial Alliance Securities set a $40.00 target price on Rexford Industrial Realty in a report on Monday, September 15th. Evercore ISI lifted their price objective on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Wolfe Research lowered shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday. Finally, Mizuho increased their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and a consensus target price of $41.36.

About Rexford Industrial Realty

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.