New York State Teachers Retirement System Has $7.87 Million Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Key Points

• The New York State Teachers Retirement System increased its holdings in Rexford Industrial Realty, Inc. by 2.9% in Q2, owning 221,186 shares valued at approximately $7.87 million.
• Analysts have mixed ratings on Rexford Industrial Realty, with a consensus price target of $42.00 and ratings ranging from "Buy" to "Sell".
• The company plans to pay a quarterly dividend of $0.43 on January 15th, representing a 3.9% yield based on its recent stock performance.

New York State Teachers Retirement System boosted its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 221,186 shares of the real estate investment trust's stock after buying an additional 6,193 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Rexford Industrial Realty worth $7,868,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Moran Wealth Management LLC raised its position in Rexford Industrial Realty by 7.2% in the 2nd quarter. Moran Wealth Management LLC now owns 24,255 shares of the real estate investment trust's stock valued at $863,000 after buying an additional 1,635 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Rexford Industrial Realty by 297.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,108 shares of the real estate investment trust's stock valued at $751,000 after buying an additional 15,797 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Rexford Industrial Realty in the 2nd quarter valued at approximately $586,000. Yousif Capital Management LLC increased its position in shares of Rexford Industrial Realty by 2.5% during the 2nd quarter. Yousif Capital Management LLC now owns 87,346 shares of the real estate investment trust's stock worth $3,107,000 after purchasing an additional 2,131 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Rexford Industrial Realty by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust's stock worth $472,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on REXR shares. Barclays boosted their price target on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an "underweight" rating in a research report on Monday, September 15th. Industrial Alliance Securities set a $40.00 price target on Rexford Industrial Realty in a research report on Monday, September 15th. Cantor Fitzgerald started coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They set an "overweight" rating and a $50.00 price target on the stock. Wall Street Zen lowered Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Evercore ISI boosted their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus price target of $42.00.

Rexford Industrial Realty Stock Performance

REXR opened at $43.72 on Monday. The business has a fifty day simple moving average of $41.13 and a 200 day simple moving average of $37.37. The company has a market capitalization of $10.35 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 4.84 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $46.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 5.59.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The business had revenue of $246.76 million during the quarter, compared to the consensus estimate of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared 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. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 annualized dividend and a yield of 3.9%. Rexford Industrial Realty's payout ratio is 121.13%.

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.

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