Greenland Capital Management LP Acquires Shares of 59,691 Rexford Industrial Realty, Inc. $REXR

Greenland Capital Management LP acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 59,691 shares of the real estate investment trust’s stock, valued at approximately $2,123,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in Rexford Industrial Realty by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after acquiring an additional 423 shares during the period. Amundi raised its position in shares of Rexford Industrial Realty by 5.8% during the 1st quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock worth $4,544,000 after purchasing an additional 6,970 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Rexford Industrial Realty in the 2nd quarter worth approximately $267,000. Truvestments Capital LLC bought a new stake in shares of Rexford Industrial Realty in the 1st quarter worth approximately $3,030,000. Finally, Canoe Financial LP acquired a new stake in Rexford Industrial Realty in the second quarter worth $1,227,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Up 1.2%

REXR stock opened at $40.80 on Wednesday. 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 firm has a market cap of $9.50 billion, a PE ratio of 28.73, a P/E/G ratio of 3.05 and a beta of 1.15. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $44.38. The firm has a 50 day simple moving average of $41.90 and a 200 day simple moving average of $38.78.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $253.24 million during 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 company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter 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. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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 given a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.2%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 121.13%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Industrial Alliance Securities set a $42.00 price target on shares of Rexford Industrial Realty in a research note on Wednesday. BNP Paribas lowered Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Barclays upped their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, September 15th. BNP Paribas Exane reissued a “neutral” rating and set a $47.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Finally, Scotiabank upped their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Rexford Industrial Realty presently has a consensus rating of “Hold” and an average target price of $42.92.

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.