Rexford Industrial Realty, Inc. $REXR Stock Holdings Lifted by Hantz Financial Services Inc.

Hantz Financial Services Inc. grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 2,331.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,459 shares of the real estate investment trust’s stock after purchasing an additional 1,399 shares during the period. Hantz Financial Services Inc.’s holdings in Rexford Industrial Realty were worth $52,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Rexford Industrial Realty by 2.6% during the first quarter. Vanguard Group Inc. now owns 30,711,076 shares of the real estate investment trust’s stock worth $1,202,339,000 after buying an additional 779,095 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Rexford Industrial Realty by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 27,443,472 shares of the real estate investment trust’s stock valued at $1,074,413,000 after purchasing an additional 445,743 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Rexford Industrial Realty by 130.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 7,751,922 shares of the real estate investment trust’s stock valued at $303,488,000 after buying an additional 4,384,624 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of Rexford Industrial Realty by 7.0% in the first quarter. Centersquare Investment Management LLC now owns 4,808,035 shares of the real estate investment trust’s stock valued at $188,235,000 after buying an additional 315,869 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Rexford Industrial Realty by 18.3% in the first quarter. JPMorgan Chase & Co. now owns 3,856,451 shares of the real estate investment trust’s stock valued at $150,980,000 after buying an additional 595,759 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on REXR. Wolfe Research cut shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Barclays raised their price target on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an “underweight” rating in a report on Monday, September 15th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, October 21st. Wells Fargo & Company lifted their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Mizuho lifted their price target on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.58.

Rexford Industrial Realty Trading Down 0.0%

Shares of NYSE:REXR opened at $41.35 on Thursday. The company’s 50-day moving average price is $42.00 and its two-hundred day moving average price is $38.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. The stock has a market capitalization of $9.63 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 3.05 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) 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 net margin of 33.88% and a return on equity of 3.81%. Rexford Industrial Realty’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, equities analysts forecast 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. Investors of record on Wednesday, December 31st will be paid a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio is 121.13%.

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.