Rexford Industrial Realty, Inc. $REXR Shares Purchased by Brookwood Investment Group LLC

Brookwood Investment Group LLC increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 71.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,799 shares of the real estate investment trust’s stock after purchasing an additional 4,100 shares during the period. Brookwood Investment Group LLC’s holdings in Rexford Industrial Realty were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Rexford Industrial Realty by 403.6% during 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. raised its position in shares of 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 worth $29,000 after purchasing an additional 405 shares during the last quarter. Private Trust Co. NA raised its position in shares of Rexford Industrial Realty by 95.6% during 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 raised its holdings in 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 valued at $42,000 after acquiring an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in 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 valued at $56,000 after acquiring an additional 978 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analysts Set New Price Targets

REXR has been the subject of a number of recent research reports. Barclays increased their price objective 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. Wall Street Zen cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Evercore ISI increased their price target 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. Cantor Fitzgerald started coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Truist Financial increased their price target on shares of Rexford Industrial Realty from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, October 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.50.

Rexford Industrial Realty Stock Down 0.0%

NYSE:REXR opened at $42.52 on Wednesday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $41.85 and its two-hundred day moving average is $37.86. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $44.72. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 3.13 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping 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%.The firm’s 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 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Research 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 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 4.0%. The ex-dividend date 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.