DekaBank Deutsche Girozentrale Boosts Stock Holdings in Rexford Industrial Realty, Inc. $REXR

DekaBank Deutsche Girozentrale increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,054 shares of the real estate investment trust’s stock after purchasing an additional 1,609 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Rexford Industrial Realty were worth $2,301,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in Rexford Industrial Realty by 198.3% in the first quarter. Teacher Retirement System of Texas now owns 39,028 shares of the real estate investment trust’s stock valued at $1,528,000 after buying an additional 25,945 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Rexford Industrial Realty by 211.2% in the first quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 978 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Rexford Industrial Realty by 1.2% in the first quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust’s stock worth $1,052,000 after buying an additional 317 shares during the last quarter. Bessemer Group Inc. raised its stake in 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 purchasing an additional 405 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Rexford Industrial Realty by 40.5% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 36,792 shares of the real estate investment trust’s stock valued at $1,440,000 after purchasing an additional 10,603 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Down 1.4%

Rexford Industrial Realty stock opened at $42.16 on Friday. The company’s 50 day simple moving average is $41.69 and its 200 day simple moving average is $37.70. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $44.72. The firm has a market capitalization of $9.82 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 5.02 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 5.59.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business had revenue of $246.76 million for the quarter, compared to analyst estimates of $253.46 million. During the same quarter last year, the firm earned $0.59 EPS. Rexford Industrial Realty’s quarterly revenue was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current 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. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.1%. Rexford Industrial Realty’s payout ratio is presently 121.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Saturday. Barclays raised their target price on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a research note on Monday, September 15th. BNP Paribas lowered shares of Rexford Industrial Realty to a “hold” rating in a research note on Tuesday. Evercore ISI raised their target price on shares of 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. Finally, BNP Paribas Exane reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus 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.