Rexford Industrial Realty, Inc. $REXR Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in Rexford Industrial Realty by 12.8% in Q1, now holding shares valued at approximately $1.74 million.
• Rexford Industrial Realty reported earnings per share (EPS) of $0.59, exceeding estimates, with quarterly revenue up 5% year-over-year.
• The company announced a quarterly dividend of $0.43 per share, with a dividend yield of 4.0%, and a payout ratio currently at 127.41%.

IFM Investors Pty Ltd lessened its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,552 shares of the real estate investment trust's stock after selling 6,516 shares during the period. IFM Investors Pty Ltd's holdings in Rexford Industrial Realty were worth $1,744,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Rexford Industrial Realty by 403.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust's stock worth $27,000 after acquiring 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 1st 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. raised its holdings in shares of Rexford Industrial Realty by 118.4% during the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock worth $29,000 after acquiring 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 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after acquiring 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 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 acquiring an additional 800 shares during the period. Hedge funds and other institutional investors 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 business's 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

REXR has been the topic of several analyst reports. Industrial Alliance Securities set a $40.00 price target on Rexford Industrial Realty in a report on Monday. Barclays boosted 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. Evercore ISI upped their target price on shares of Rexford Industrial Realty from $39.00 to $40.00 and gave the company an "in-line" rating in a research report on Monday. Scotiabank upped 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 report on Thursday, September 4th. Finally, Truist Financial upped their target price on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the company a "buy" rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of "Hold" and an average target price of $41.09.

Rexford Industrial Realty Trading Up 0.7%

NYSE:REXR traded up $0.31 on Thursday, reaching $42.59. 631,747 shares of the company's stock were exchanged, compared to its average volume of 2,617,306. 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 firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 4.75 and a beta of 1.13. The business has a fifty day moving average of $39.01 and a 200-day moving average of $37.12. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.37.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. The company had revenue of $241.57 million for the quarter, compared to analyst estimates of $251.72 million. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. As a group, analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.0%. Rexford Industrial Realty's dividend payout ratio is 127.41%.

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.