Northwestern Mutual Wealth Management Co. Has $27,000 Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Northwestern Mutual Wealth Management Co. grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 403.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 690 shares of the real estate investment trust’s stock after purchasing an additional 553 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Rexford Industrial Realty were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 30,711,076 shares of the real estate investment trust’s stock valued at $1,202,339,000 after purchasing an additional 779,095 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Rexford Industrial Realty by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,443,472 shares of the real estate investment trust’s stock valued at $1,074,413,000 after purchasing an additional 445,743 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Rexford Industrial Realty by 130.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,751,922 shares of the real estate investment trust’s stock valued at $303,488,000 after purchasing an additional 4,384,624 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Rexford Industrial Realty by 7.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,808,035 shares of the real estate investment trust’s stock valued at $188,235,000 after purchasing an additional 315,869 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Rexford Industrial Realty by 18.3% in the 1st quarter. JPMorgan Chase & Co. now owns 3,856,451 shares of the real estate investment trust’s stock valued at $150,980,000 after purchasing an additional 595,759 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $42.85 on Monday. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.37. The company has a market cap of $10.14 billion, a PE ratio of 31.74, a PEG ratio of 4.76 and a beta of 1.13. The company’s 50-day moving average is $38.01 and its two-hundred day moving average is $36.94.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The company had revenue of $241.57 million for the quarter, compared to the consensus estimate of $251.72 million. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. Equities analysts anticipate 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 Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. Rexford Industrial Realty’s dividend payout ratio is presently 127.41%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $36.87, for a total transaction of $975,174.63. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Truist Financial upped their price target on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, August 20th. Evercore ISI downgraded shares of Rexford Industrial Realty from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $39.00 to $38.00 in a research report on Friday, July 18th. Industrial Alliance Securities set a $44.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, September 2nd. Finally, Scotiabank upped their price target on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.36.

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.