Signaturefd LLC Has $117,000 Holdings in Rexford Industrial Realty, Inc. $REXR

Signaturefd LLC trimmed its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 45.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,298 shares of the real estate investment trust’s stock after selling 2,767 shares during the period. Signaturefd LLC’s holdings in Rexford Industrial Realty were worth $117,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of Rexford Industrial Realty by 87.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,680 shares of the real estate investment trust’s stock valued at $684,000 after buying an additional 8,256 shares during the period. GAMMA Investing LLC lifted its stake in Rexford Industrial Realty by 12,084.7% in the first quarter. GAMMA Investing LLC now owns 56,415 shares of the real estate investment trust’s stock valued at $2,209,000 after buying an additional 55,952 shares during the period. UMB Bank n.a. grew its position in shares of Rexford Industrial Realty by 188.0% during the 1st quarter. UMB Bank n.a. now owns 2,877 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,878 shares during the period. Park Avenue Securities LLC boosted its holdings in Rexford Industrial Realty by 9.6% in the first quarter. Park Avenue Securities LLC now owns 9,255 shares of the real estate investment trust’s stock worth $362,000 after acquiring an additional 811 shares in the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new stake in Rexford Industrial Realty in the first quarter valued at approximately $203,000. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $41.68 on Friday. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $49.60. 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 business has a fifty day simple moving average of $40.17 and a two-hundred day simple moving average of $37.22. The company has a market capitalization of $9.86 billion, a P/E ratio of 30.87, a P/E/G ratio of 4.63 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data 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 business 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 company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. On average, analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current 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 given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.1%. Rexford Industrial Realty’s dividend payout ratio is currently 127.41%.

Insider Activity at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 26,449 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $36.87, for a total value of $975,174.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on REXR shares. Scotiabank raised their price objective on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, September 4th. Industrial Alliance Securities set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Monday, September 15th. Evercore ISI lifted their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Barclays increased their price objective on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a research note on Monday, September 15th. Finally, Wall Street Zen raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and an average price target of $41.83.

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.