Rexford Industrial Realty, Inc. $REXR Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,489 shares of the real estate investment trust’s stock after buying an additional 718 shares during the period. Voya Investment Management LLC’s holdings in Rexford Industrial Realty were worth $1,076,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 553 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Rexford Industrial Realty by 332.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 566 shares during the period. Bessemer Group Inc. raised its position in Rexford Industrial Realty by 118.4% during the first 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 in the last quarter. Private Trust Co. NA raised its position in Rexford Industrial Realty by 95.6% during the first 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in Rexford Industrial Realty by 280.7% during the first 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 in the last quarter. Institutional investors own 99.52% of the company’s stock.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $42.23 on Wednesday. The stock has a 50-day moving average of $39.44 and a 200-day moving average of $37.13. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.37. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59. The stock has a market cap of $10.00 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 4.68 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The business had revenue of $241.57 million during the quarter, compared to analysts’ expectations of $251.72 million. During the same period in the prior year, the business earned $0.60 EPS. Rexford Industrial Realty’s revenue for the quarter 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. As a group, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. Rexford Industrial Realty’s dividend payout ratio is 127.41%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, September 15th. Evercore ISI lifted their price target 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. Mizuho boosted their target price on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Truist Financial boosted their target price on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Saturday. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.09.

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.