Praxis Investment Management Inc. Has $728,000 Stock Holdings in Rexford Industrial Realty, Inc. $REXR

Key Points

• Praxis Investment Management Inc. increased its ownership of Rexford Industrial Realty, Inc. by 171.7%, holding a total of 20,460 shares valued at $728,000 as of their latest SEC filing.
• Rexford Industrial Realty recently reported a quarterly EPS of $0.60, surpassing analysts' estimates, with a revenue of $246.76 million showing a 4.7% increase year-over-year.
• The company has declared a quarterly dividend of $0.43, translating to an annualized dividend yield of 3.9%, with a high payout ratio of 127.41%.

Praxis Investment Management Inc. grew its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 171.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,460 shares of the real estate investment trust's stock after buying an additional 12,930 shares during the period. Praxis Investment Management Inc.'s holdings in Rexford Industrial Realty were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. M&T Bank Corp grew its stake in Rexford Industrial Realty by 1.2% during the first quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust's stock worth $1,052,000 after purchasing an additional 317 shares during the period. Caitlin John LLC grew its stake in Rexford Industrial Realty by 6.4% during the second quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust's stock worth $214,000 after purchasing an additional 361 shares during the period. Private Trust Co. NA grew 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 worth $30,000 after purchasing an additional 370 shares during the period. Federated Hermes Inc. grew its stake in Rexford Industrial Realty by 2.2% during the first quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust's stock worth $716,000 after purchasing an additional 388 shares during the period. Finally, Bessemer Group Inc. grew 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 worth $29,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 26,449 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $36.87, for a total value of $975,174.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Rexford Industrial Realty Trading Up 1.4%

Shares of Rexford Industrial Realty stock opened at $43.72 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 2.95. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $46.22. The stock has a 50 day moving average price of $41.13 and a two-hundred day moving average price of $37.38. The stock has a market capitalization of $10.35 billion, a PE ratio of 30.79, a price-to-earnings-growth ratio of 4.77 and a beta of 1.13.

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

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 127.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on REXR. Mizuho raised their target price on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Evercore ISI raised their target price on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. Truist Financial raised their target price on Rexford Industrial Realty from $42.00 to $44.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Industrial Alliance Securities set a $40.00 target price on Rexford Industrial Realty in a research note on Monday, September 15th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and a consensus price target of $42.00.

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.

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