Dimensional Fund Advisors LP Purchases 76,504 Shares of Rexford Industrial Realty, Inc. $REXR

Key Points

• Dimensional Fund Advisors LP has increased its stake in Rexford Industrial Realty, owning approximately 3.35 million shares worth $131.26 million, reflecting a 2.3% increase during Q1.
• Rexford Industrial Realty recently announced a quarterly dividend of $0.43 per share, equating to a 4.4% yield, with the payout set for October 15th.
• The company's stock has shown a 12-month performance range, with a low of $29.68 and a high of $52.61, currently trading around $39.05.

Dimensional Fund Advisors LP lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,352,601 shares of the real estate investment trust's stock after acquiring an additional 76,504 shares during the period. Dimensional Fund Advisors LP owned approximately 1.42% of Rexford Industrial Realty worth $131,255,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Rexford Industrial Realty by 332.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 566 shares during the period. Bessemer Group Inc. boosted its stake in 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 buying an additional 405 shares during the period. Private Trust Co. NA boosted its stake in 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 buying an additional 370 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 800 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of 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 valued at $56,000 after acquiring an additional 978 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on REXR. Truist Financial lifted their price target on Rexford Industrial Realty from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday. Wells Fargo & Company dropped their price target on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Scotiabank dropped their price target on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Evercore ISI downgraded Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and lowered their price target for the company from $39.00 to $38.00 in a research report on Friday, July 18th. Finally, Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a research report on Tuesday, May 6th. Two equities 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 MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus price target of $40.27.

Rexford Industrial Realty Trading Up 3.4%

Shares of REXR traded up $1.3310 during trading hours on Friday, hitting $40.3910. The company had a trading volume of 1,424,434 shares, compared to its average volume of 2,071,634. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. The firm has a market cap of $9.56 billion, a P/E ratio of 16.98, a P/E/G ratio of 4.49 and a beta of 1.10. 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 stock's 50 day moving average price is $37.07 and its 200 day moving average price is $36.89.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The company had revenue of $241.57 million for the quarter, compared to the consensus estimate of $251.72 million. During the same quarter in the previous year, the business earned $0.60 EPS. Rexford Industrial Realty's 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. On average, research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 annualized dividend and a yield of 4.3%. Rexford Industrial Realty's dividend payout ratio is currently 127.41%.

Insiders Place Their Bets

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

Rexford Industrial Realty 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.