Allspring Global Investments Holdings LLC Purchases 423 Shares of Rexford Industrial Realty, Inc. $REXR

Allspring Global Investments Holdings LLC lifted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,059 shares of the real estate investment trust’s stock after acquiring an additional 423 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Rexford Industrial Realty were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. M&T Bank Corp boosted its stake in Rexford Industrial Realty by 1.2% in 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 purchasing an additional 317 shares during the period. Caitlin John LLC raised its holdings in shares of Rexford Industrial Realty by 6.4% in the 2nd quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 361 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Rexford Industrial Realty by 95.6% in 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 in the last quarter. Federated Hermes Inc. raised its holdings in shares of Rexford Industrial Realty by 2.2% in the 1st quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust’s stock valued at $716,000 after acquiring an additional 388 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Rexford Industrial Realty by 118.4% in 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 in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $42.16 on Friday. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 29.69, a P/E/G ratio of 5.08 and a beta of 1.13. The company has a current ratio of 2.95, 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 $44.72. The stock’s 50-day moving average is $41.69 and its 200 day moving average is $37.66.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $246.76 million for the quarter, compared to analysts’ expectations of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.Rexford Industrial Realty’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s payout ratio is 121.13%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REXR. Wolfe Research cut Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday. Barclays raised their price target on Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, September 15th. Mizuho raised their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 8th. BNP Paribas Exane reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Rexford Industrial Realty in a report on Tuesday. Finally, Evercore ISI raised their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.83.

About Rexford Industrial Realty

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.