Rexford Industrial Realty, Inc. $REXR Stock Holdings Increased by Amalgamated Bank

Amalgamated Bank raised its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,315 shares of the real estate investment trust’s stock after acquiring an additional 3,530 shares during the period. Amalgamated Bank’s holdings in Rexford Industrial Realty were worth $3,817,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of Rexford Industrial Realty by 198.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,028 shares of the real estate investment trust’s stock valued at $1,528,000 after purchasing an additional 25,945 shares during the period. GAMMA Investing LLC grew its holdings in shares of Rexford Industrial Realty by 211.2% during the first quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 978 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Rexford Industrial Realty by 1.2% during the first quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust’s stock valued at $1,052,000 after buying an additional 317 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 valued at $472,000 after buying an additional 423 shares in the last quarter. Finally, Amundi grew its holdings in shares of Rexford Industrial Realty by 5.8% during the first quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock valued at $4,544,000 after buying an additional 6,970 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on REXR shares. Evercore ISI lifted their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Truist Financial lifted their price target on Rexford Industrial Realty from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. BNP Paribas Exane reiterated a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, October 21st. Finally, Mizuho lifted their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $42.50.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $41.30 on Monday. The business’s 50-day moving average price is $41.96 and its two-hundred day moving average price is $38.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. 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 $9.62 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 3.05 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results 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. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm had revenue of $246.76 million for the quarter, compared to the consensus estimate of $253.46 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s quarterly 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. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Rexford Industrial Realty Company 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.