Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stake in Rexford Industrial Realty, Inc. $REXR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 9.1% during the 2nd quarter, Holdings Channel reports. The fund owned 137,446 shares of the real estate investment trust’s stock after buying an additional 11,440 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rexford Industrial Realty were worth $4,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Nuveen LLC purchased a new stake in shares of Rexford Industrial Realty in the 1st quarter worth $146,155,000. Anchor Capital Advisors LLC bought a new stake in Rexford Industrial Realty during the second quarter valued at about $40,369,000. Vanguard Group Inc. increased its position in Rexford Industrial Realty by 2.6% in 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 in the last quarter. JPMorgan Chase & Co. raised 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 worth $150,980,000 after buying an additional 595,759 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Rexford Industrial Realty by 41.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after buying an additional 526,877 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

REXR stock opened at $40.80 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. The company’s fifty day moving average price is $41.90 and its 200-day moving average price is $38.78. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. The company has a market capitalization of $9.50 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 3.05 and a beta of 1.15.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly 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 $253.24 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 121.13%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on REXR. Wall Street Zen lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Wednesday, October 8th. BNP Paribas Exane restated a “neutral” rating and set a $47.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, October 21st. Wolfe Research downgraded shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday, October 20th. Finally, Evercore ISI increased their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.77.

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.