Savant Capital LLC Makes New Investment in Rexford Industrial Realty, Inc. $REXR

Savant Capital LLC acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,435 shares of the real estate investment trust’s stock, valued at approximately $905,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in Rexford Industrial Realty by 26.7% in the first quarter. Envestnet Asset Management Inc. now owns 362,822 shares of the real estate investment trust’s stock valued at $14,204,000 after buying an additional 76,568 shares during the period. Cerity Partners LLC increased its stake in shares of Rexford Industrial Realty by 27.9% in the 1st quarter. Cerity Partners LLC now owns 51,211 shares of the real estate investment trust’s stock valued at $2,005,000 after acquiring an additional 11,182 shares in the last quarter. Xponance Inc. lifted its position in shares of Rexford Industrial Realty by 2.3% during the 1st quarter. Xponance Inc. now owns 26,308 shares of the real estate investment trust’s stock valued at $1,030,000 after acquiring an additional 601 shares during the period. CWM LLC lifted its position in shares of Rexford Industrial Realty by 106.5% during the 1st quarter. CWM LLC now owns 4,221 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 2,177 shares during the period. Finally, Securian Asset Management Inc. boosted its stake in Rexford Industrial Realty by 3.0% during the first quarter. Securian Asset Management Inc. now owns 17,282 shares of the real estate investment trust’s stock worth $677,000 after acquiring an additional 501 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 1.3%

REXR opened at $41.19 on Friday. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $44.38. The firm has a market capitalization of $9.59 billion, a PE ratio of 29.00, a P/E/G ratio of 3.05 and a beta of 1.15. 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 company’s 50-day moving average is $42.03 and its 200 day moving average is $38.56.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $253.24 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 company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

REXR has been the subject of several research analyst reports. Mizuho lifted their price target on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 8th. UBS Group set a $44.00 target price on Rexford Industrial Realty in a research note on Monday. Evercore ISI upped 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. Industrial Alliance Securities set a $40.00 price target on Rexford Industrial Realty in a report on Monday, September 15th. Finally, Wall Street Zen cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. 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, the stock currently has a consensus rating of “Hold” and an average target price of $42.77.

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.