Amundi Buys 6,970 Shares of 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 grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 126,678 shares of the real estate investment trust's stock after purchasing an additional 6,970 shares during the period. Amundi owned approximately 0.05% of Rexford Industrial Realty worth $4,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rexford Industrial Realty by 403.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 553 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Rexford Industrial Realty by 332.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 566 shares during the period. Bessemer Group Inc. raised its holdings 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 purchasing an additional 405 shares during the period. Private Trust Co. NA raised its holdings in shares of Rexford Industrial Realty by 95.6% during the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 370 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Rexford Industrial Realty by 280.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Transactions at Rexford Industrial Realty

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

Rexford Industrial Realty Stock Down 0.2%

REXR stock traded down $0.08 during trading on Friday, reaching $43.45. The stock had a trading volume of 2,480,491 shares, compared to its average volume of 2,790,752. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.37. The company has a quick ratio of 5.59, a current ratio of 5.59 and a debt-to-equity ratio of 0.37. The company's 50 day moving average is $38.66 and its two-hundred day moving average is $37.06. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 4.83 and a beta of 1.13.

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

Rexford Industrial Realty Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on REXR. Industrial Alliance Securities set a $39.00 price objective on shares of Rexford Industrial Realty in a report on Monday, September 8th. Evercore ISI upped their target price on shares of Rexford Industrial Realty from $38.00 to $39.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. Mizuho upped their target price on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, September 8th. Scotiabank upped their target price on shares of 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, Wells Fargo & Company lowered their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.55.

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.