Vanguard Personalized Indexing Management LLC Trims Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Vanguard Personalized Indexing Management LLC decreased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 17.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,540 shares of the real estate investment trust’s stock after selling 5,143 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Rexford Industrial Realty were worth $837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. M&T Bank Corp increased its position in 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 in the last quarter. Caitlin John LLC increased its position in Rexford Industrial Realty by 6.4% in the second quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 361 shares in the last quarter. Private Trust Co. NA grew its position in shares of Rexford Industrial Realty by 95.6% during the first 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 in the last quarter. Federated Hermes Inc. grew its position in shares of Rexford Industrial Realty by 2.2% during the first quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust’s stock worth $716,000 after purchasing an additional 388 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Rexford Industrial Realty by 118.4% during the first 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 in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on REXR shares. Barclays increased their target price on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, September 15th. Cantor Fitzgerald started coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 target price for the company. Scotiabank increased their target price on Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 4th. Truist Financial increased their target price on Rexford Industrial Realty from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Evercore ISI increased their target price on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $42.00.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $43.72 on Monday. The stock has a market capitalization of $10.35 billion, a PE ratio of 30.79, a P/E/G ratio of 4.84 and a beta of 1.13. The business has a 50 day simple moving average of $41.13 and a two-hundred day simple moving average of $37.37. 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, Inc. has a 1-year low of $29.68 and a 1-year high of $46.22.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly 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 business had revenue of $246.76 million during 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%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 121.13%.

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.