Meixler Investment Management Ltd. Cuts Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Meixler Investment Management Ltd. cut its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 30.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,206 shares of the real estate investment trust’s stock after selling 3,944 shares during the period. Meixler Investment Management Ltd.’s holdings in Rexford Industrial Realty were worth $327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its holdings in Rexford Industrial Realty by 130.2% in the first 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 during the last quarter. Nuveen LLC purchased a new stake in shares of Rexford Industrial Realty during the 1st quarter worth about $146,155,000. Vanguard Group Inc. increased its position in Rexford Industrial Realty by 2.6% during the 1st 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 in the last quarter. JPMorgan Chase & Co. increased its position in Rexford Industrial Realty by 18.3% during the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in 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 valued at $70,931,000 after buying an additional 526,877 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $41.30 on Friday. The firm has a 50-day moving average of $41.96 and a two-hundred day moving average of $38.04. 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 stock has a market cap of $9.62 billion, a P/E ratio of 29.09, a PEG ratio of 3.05 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38.

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 the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The business had revenue of $246.76 million for the quarter, compared to analysts’ expectations of $253.46 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on REXR shares. BNP Paribas Exane reiterated a “neutral” rating and set a $47.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Barclays upped their price target on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, September 15th. Evercore ISI boosted their price objective 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. BNP Paribas downgraded Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Finally, Scotiabank raised their target price on Rexford Industrial Realty from $40.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.50.

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.