Rexford Industrial Realty, Inc. $REXR Stock Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,815 shares of the real estate investment trust’s stock after buying an additional 9,443 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of Rexford Industrial Realty worth $9,206,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of REXR. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rexford Industrial Realty by 403.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 553 shares during the last quarter. Bessemer Group Inc. lifted 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 worth $29,000 after purchasing an additional 405 shares during the last quarter. Private Trust Co. NA lifted 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 worth $30,000 after purchasing an additional 370 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Rexford Industrial Realty by 280.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Rexford Industrial Realty by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 978 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 2.4%

Shares of Rexford Industrial Realty stock opened at $41.47 on Thursday. The business’s fifty day moving average price is $41.89 and its two-hundred day moving average price is $37.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The company has a market capitalization of $9.65 billion, a P/E ratio of 29.20, a PEG ratio of 3.12 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.72.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $246.76 million for the quarter, compared to the consensus estimate of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders 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 dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s payout ratio is currently 121.13%.

Analyst Upgrades and Downgrades

REXR has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI raised their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Cantor Fitzgerald initiated coverage on Rexford Industrial Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price target on the stock. Wall Street Zen downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Finally, Mizuho lifted their target price on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.50.

Rexford Industrial Realty 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.