Amundi Buys 6,970 Shares of Rexford Industrial Realty, Inc. $REXR

Amundi grew its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 5.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,678 shares of the real estate investment trust’s stock after acquiring an additional 6,970 shares during the period. Amundi owned about 0.05% of Rexford Industrial Realty worth $4,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Rexford Industrial Realty by 403.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 553 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Rexford Industrial Realty by 332.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 566 shares during the period. Bessemer Group Inc. grew its position 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 valued at $29,000 after acquiring an additional 405 shares during the period. Private Trust Co. NA grew its position in shares of Rexford Industrial Realty by 95.6% during the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 370 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Rexford Industrial Realty by 280.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 800 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.0%

Shares of NYSE REXR opened at $42.73 on Thursday. The firm’s 50-day moving average price is $38.41 and its 200-day moving average price is $37.04. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $10.11 billion, a price-to-earnings ratio of 31.65, a P/E/G ratio of 4.74 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.37.

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

Insider Buying and Selling

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 value of $975,174.63. The sale was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

REXR has been the subject of several recent analyst reports. Mizuho upped their target price on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday. Truist Financial upped their target price on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, August 20th. Industrial Alliance Securities set a $39.00 price target on shares of Rexford Industrial Realty in a research note on Monday. Scotiabank boosted 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 note on Thursday, September 4th. Finally, Wells Fargo & Company decreased their price target 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. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.55.

Rexford Industrial Realty Company 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.