Rexford Industrial Realty, Inc. $REXR Stock Holdings Increased by William Blair Investment Management LLC

William Blair Investment Management LLC grew its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 862,313 shares of the real estate investment trust’s stock after buying an additional 3,121 shares during the quarter. William Blair Investment Management LLC’s holdings in Rexford Industrial Realty were worth $30,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in REXR. Massachusetts Financial Services Co. MA raised its position in shares of Rexford Industrial Realty by 130.2% during the 1st 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 acquiring an additional 4,384,624 shares in the last quarter. Nuveen LLC bought a new stake in Rexford Industrial Realty during the first quarter valued at $146,155,000. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 779,095 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Rexford Industrial Realty by 18.3% during 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 purchasing an additional 595,759 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Rexford Industrial Realty by 41.0% in the 1st 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 last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on REXR shares. Cantor Fitzgerald initiated coverage on shares of Rexford Industrial Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective for the company. Wall Street Zen lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI raised their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Scotiabank boosted their price objective on Rexford Industrial Realty from $40.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, September 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.00.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $43.72 on Friday. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $46.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 5.59. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 4.84 and a beta of 1.13. The business has a 50 day simple moving average of $41.13 and a 200 day simple moving average of $37.36.

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, topping analysts’ consensus estimates of $0.59 by $0.01. The company had revenue of $246.76 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter 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 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s payout ratio is 121.13%.

Insider Buying and Selling at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $36.87, for a total value of $975,174.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.