Rexford Industrial Realty, Inc. $REXR Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Rexford Industrial Realty, Inc. by 637.5%, owning 31,129 shares now valued at approximately $1.1 million.
• Rexford Industrial Realty reported a quarterly earnings per share (EPS) of $0.60, exceeding analyst expectations, while revenue for the quarter increased by 4.7% year-over-year.
• The company declared a quarterly dividend of $0.43 per share, resulting in an annualized yield of 4.0%, with a payout ratio currently at 121.13%.

Cwm LLC increased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 637.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,129 shares of the real estate investment trust's stock after acquiring an additional 26,908 shares during the quarter. Cwm LLC's holdings in Rexford Industrial Realty were worth $1,107,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Rexford Industrial Realty by 403.6% in the first 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 in the last quarter. Bessemer Group Inc. lifted its stake in shares of Rexford Industrial Realty by 118.4% in the first 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 in the last quarter. Private Trust Co. NA lifted its stake in shares of Rexford Industrial Realty by 95.6% in the first 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 in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Rexford Industrial Realty by 280.7% in the first 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Rexford Industrial Realty by 211.2% in the first quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 978 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Stock Down 1.9%

NYSE:REXR opened at $43.43 on Wednesday. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $45.34. The firm has a market capitalization of $10.28 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 4.89 and a beta of 1.13. The stock has a 50 day moving average of $41.41 and a 200-day moving average of $37.48. The company has a current ratio of 2.95, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping 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 business had revenue of $246.76 million during the quarter, compared to analyst estimates of $253.46 million. During the same period in the prior year, the company posted $0.59 EPS. The business'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. Analysts predict 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. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 121.13%.

Analyst Ratings Changes

Several brokerages have issued reports on REXR. Mizuho upped their price objective on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Weiss Ratings restated a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on Rexford Industrial Realty in a research note on Wednesday, October 1st. They set an "overweight" rating and a $50.00 price objective on the stock. Truist Financial upped their price objective on Rexford Industrial Realty from $42.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, October 15th. Finally, Wall Street Zen cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.83.

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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