Robeco Institutional Asset Management B.V. Sells 56,000 Shares of Rexford Industrial Realty, Inc. $REXR

Key Points

• Robeco Institutional Asset Management B.V. has reduced its stake in Rexford Industrial Realty, Inc. by 33.5%, selling 56,000 shares and now holding a total of 111,253 shares valued at approximately $3.96 million.
• The company's recent quarterly earnings exceeded analysts' estimates, reporting $0.59 EPS against an expectation of $0.58, though revenue fell short at $241.57 million compared to expectations of $251.72 million.
• Rexford Industrial Realty announced a quarterly dividend of $0.43 per share, with an annualized yield of 4.1%, and a dividend payout ratio of 127.41%.

Robeco Institutional Asset Management B.V. reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 33.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,253 shares of the real estate investment trust's stock after selling 56,000 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Rexford Industrial Realty were worth $3,957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Consolidated Portfolio Review Corp bought a new position in Rexford Industrial Realty in the second quarter worth about $476,000. Janney Montgomery Scott LLC bought a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $1,310,000. State of Alaska Department of Revenue increased its stake in shares of Rexford Industrial Realty by 6.1% during the second quarter. State of Alaska Department of Revenue now owns 142,458 shares of the real estate investment trust's stock valued at $5,066,000 after purchasing an additional 8,208 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Rexford Industrial Realty during the second quarter valued at approximately $379,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Rexford Industrial Realty by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 411,128 shares of the real estate investment trust's stock valued at $14,624,000 after purchasing an additional 22,471 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Insider Transactions at Rexford Industrial Realty

In related 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 shares were sold at an average price of $36.87, for a total value of $975,174.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.20% of the company's stock.

Rexford Industrial Realty Trading Up 0.1%

NYSE:REXR opened at $41.71 on Tuesday. The company's 50 day moving average price is $40.26 and its 200-day moving average price is $37.22. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $49.60. 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 has a market cap of $9.87 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 4.63 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The firm had revenue of $241.57 million for the quarter, compared to analysts' expectations of $251.72 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. On average, equities research analysts forecast 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 Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.43 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 annualized dividend and a yield of 4.1%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 127.41%.

Analysts Set New Price Targets

REXR has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Saturday, September 27th. Evercore ISI raised 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 note on Monday, September 15th. Mizuho raised their target price on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, September 8th. Truist Financial raised 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 note on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Rexford Industrial Realty from a "sell" rating to a "hold" rating in a research note on Saturday, September 20th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $41.83.

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.

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