Mutual of America Capital Management LLC Grows Holdings in Rexford Industrial Realty, Inc. $REXR

Mutual of America Capital Management LLC increased its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,425 shares of the real estate investment trust’s stock after acquiring an additional 311 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rexford Industrial Realty were worth $4,177,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Rexford Industrial Realty by 403.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 553 shares in the last quarter. Bessemer Group Inc. increased its stake 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 worth $29,000 after buying an additional 405 shares in the last quarter. Private Trust Co. NA increased its stake 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 worth $30,000 after buying an additional 370 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake 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 worth $42,000 after buying an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 worth $56,000 after purchasing an additional 978 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

REXR has been the subject of several research analyst reports. Evercore ISI increased their target price on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Wolfe Research lowered shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday. Industrial Alliance Securities set a $40.00 target price on shares of Rexford Industrial Realty in a research note on Monday, September 15th. BNP Paribas Exane reaffirmed a “neutral” rating and set a $47.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday. Finally, Scotiabank raised their target price on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the company a “sector perform” rating in a research note 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and a consensus price target of $41.83.

Rexford Industrial Realty Trading Down 1.1%

REXR stock opened at $42.94 on Thursday. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $45.34. The firm has a market cap of $10.00 billion, a PE ratio of 30.24, a price-to-earnings-growth ratio of 5.16 and a beta of 1.13. The firm has a fifty day moving average price of $41.51 and a 200 day moving average price of $37.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 2.95.

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 business had revenue of $246.76 million during the quarter, compared to analysts’ expectations of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.43 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. 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.