Nordea Investment Management AB Raises Position in Rexford Industrial Realty, Inc. $REXR

Nordea Investment Management AB boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,945 shares of the real estate investment trust’s stock after buying an additional 1,718 shares during the quarter. Nordea Investment Management AB owned approximately 0.09% of Rexford Industrial Realty worth $7,487,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Rexford Industrial Realty by 403.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 553 shares during the last quarter. Bessemer Group Inc. raised its holdings in Rexford Industrial Realty by 118.4% in the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Private Trust Co. NA raised its holdings in Rexford Industrial Realty by 95.6% in the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after acquiring 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. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Up 1.1%

Shares of NYSE REXR opened at $44.26 on Tuesday. The firm has a market cap of $10.48 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 4.84 and a beta of 1.13. The company has a quick ratio of 5.59, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $45.41. The business’s 50 day moving average is $41.28 and its two-hundred day moving average is $37.44.

Rexford Industrial Realty (NYSE:REXR) last announced its 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 $246.76 million for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm 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 $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 121.13%.

Analysts Set New Price Targets

A number of research firms have commented on REXR. Industrial Alliance Securities set a $40.00 price objective on shares of Rexford Industrial Realty in a report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Rexford Industrial Realty in a report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 price objective for the company. Wolfe Research downgraded shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday. Barclays raised their price target 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. Finally, Scotiabank raised their price target on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.36.

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.