Vanguard Personalized Indexing Management LLC Sells 5,143 Shares of Rexford Industrial Realty, Inc. $REXR

Vanguard Personalized Indexing Management LLC trimmed its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 17.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 23,540 shares of the real estate investment trust’s stock after selling 5,143 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rexford Industrial Realty were worth $837,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of Rexford Industrial Realty by 198.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,028 shares of the real estate investment trust’s stock worth $1,528,000 after acquiring an additional 25,945 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Rexford Industrial Realty by 211.2% during the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 978 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Rexford Industrial Realty by 1.2% during the 1st quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust’s stock worth $1,052,000 after acquiring an additional 317 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Rexford Industrial Realty by 118.4% during the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Rexford Industrial Realty by 40.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 36,792 shares of the real estate investment trust’s stock worth $1,440,000 after acquiring an additional 10,603 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on REXR shares. Scotiabank raised their price target on Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, September 4th. Evercore ISI raised their price target on 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. Mizuho raised their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, September 8th. Wall Street Zen lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Cantor Fitzgerald started coverage on Rexford Industrial Realty in a report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Rexford Industrial Realty Trading Up 1.4%

NYSE:REXR opened at $43.72 on Monday. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $46.22. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 2.95. The firm has a market cap of $10.35 billion, a P/E ratio of 30.79, a P/E/G ratio of 4.84 and a beta of 1.13. The firm has a 50-day simple moving average of $41.13 and a 200-day simple moving average of $37.37.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating 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 business had revenue of $246.76 million during the quarter, compared to analyst estimates of $253.46 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’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. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.9%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 121.13%.

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.