Amundi Increases Holdings in Rexford Industrial Realty, Inc. $REXR

Key Points

• Amundi increased its stake in Rexford Industrial Realty by 5.8% during Q1, acquiring an additional 6,970 shares and totaling 126,678 shares valued at approximately $4.54 million.
• Rexford Industrial Realty recently reported earnings of $0.59 per share, slightly surpassing estimates, and projected FY 2025 EPS guidance between $2.370 and $2.410.
• The company announced a quarterly dividend of $0.43 per share, reflecting a 4.0% yield, with the payout set for October 15th, contingent on September 30th shareholder records.

Amundi lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,678 shares of the real estate investment trust's stock after purchasing an additional 6,970 shares during the period. Amundi owned 0.05% of Rexford Industrial Realty worth $4,544,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of Rexford Industrial Realty by 3.5% during the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust's stock valued at $9,849,000 after acquiring an additional 8,506 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Rexford Industrial Realty by 26.8% during the 1st quarter. Evergreen Capital Management LLC now owns 10,982 shares of the real estate investment trust's stock worth $430,000 after purchasing an additional 2,318 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in shares of Rexford Industrial Realty by 64.5% in the 1st quarter. Landscape Capital Management L.L.C. now owns 8,853 shares of the real estate investment trust's stock valued at $347,000 after buying an additional 3,471 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Rexford Industrial Realty in the 1st quarter valued at about $3,030,000. Finally, FORA Capital LLC increased its position in Rexford Industrial Realty by 13.3% in the 1st quarter. FORA Capital LLC now owns 10,414 shares of the real estate investment trust's stock valued at $408,000 after buying an additional 1,223 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Insider Buying and Selling at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $36.87, for a total transaction of $975,174.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Rexford Industrial Realty Stock Down 0.1%

NYSE:REXR traded down $0.05 on Tuesday, hitting $42.80. The stock had a trading volume of 1,682,679 shares, compared to its average volume of 2,757,775. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.37. The firm's fifty day simple moving average is $38.90 and its two-hundred day simple moving average is $37.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 5.59. The stock has a market cap of $10.13 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 4.76 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The company had revenue of $241.57 million during the quarter, compared to the consensus estimate of $251.72 million. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.Rexford Industrial Realty's revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. Analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 30th. Rexford Industrial Realty's payout ratio is 127.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on REXR shares. Scotiabank raised their price objective on 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. Barclays lifted their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an "underweight" rating in a report on Monday. Mizuho boosted their target price 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. Industrial Alliance Securities set a $40.00 price target on shares of Rexford Industrial Realty in a research report on Monday. Finally, 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 research note on Monday. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $41.09.

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.