Aberdeen Group plc Purchases 19,259 Shares of Rexford Industrial Realty, Inc. $REXR

Key Points

• Aberdeen Group plc increased its holdings in Rexford Industrial Realty by 32.8%, acquiring an additional 19,259 shares during the second quarter, bringing their total to 77,940 shares valued at approximately $2.77 million.
• Rexford Industrial Realty announced a quarterly dividend of $0.43, with a dividend yield of 3.9% and a payout ratio of 127.41%, scheduled to be paid on January 15th.
• The company reported $0.60 earnings per share for the last quarter, surpassing the consensus estimate of $0.59, with revenue showing a 4.7% year-over-year increase.

Aberdeen Group plc raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 32.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,940 shares of the real estate investment trust's stock after acquiring an additional 19,259 shares during the quarter. Aberdeen Group plc's holdings in Rexford Industrial Realty were worth $2,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position 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 buying an additional 553 shares during the period. Bessemer Group Inc. raised its stake in shares of Rexford Industrial Realty by 118.4% during the first 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 in the last quarter. Private Trust Co. NA grew its stake in Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 370 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Rexford Industrial Realty by 280.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 800 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Rexford Industrial Realty by 211.2% during the 1st 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 during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $43.72 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 2.95. The stock has a 50-day moving average of $41.13 and a two-hundred day moving average of $37.38. The stock has a market cap of $10.35 billion, a P/E ratio of 30.79, a P/E/G ratio of 4.77 and a beta of 1.13. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $46.22.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company had revenue of $246.76 million for the quarter, compared to the consensus estimate of $253.46 million. During the same quarter in the prior year, the company earned $0.59 EPS. Rexford Industrial Realty's quarterly revenue was up 4.7% on a year-over-year basis. 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 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty's payout ratio is currently 127.41%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction on Monday, July 21st. The shares were sold at an average price of $36.87, for a total value of $975,174.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on REXR. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Mizuho upped their price target on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Truist Financial lifted their price objective on shares of Rexford Industrial Realty from $42.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday. Scotiabank upped their target price on Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a "sector perform" rating in a report on Thursday, September 4th. Finally, Cantor Fitzgerald initiated coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They set an "overweight" rating and a $50.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $42.00.

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.

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