Sequoia Financial Advisors LLC Buys Shares of 16,483 Rexford Industrial Realty, Inc. $REXR

Key Points

• Sequoia Financial Advisors LLC acquired 16,483 shares of Rexford Industrial Realty, Inc. during the 2nd quarter, valued at approximately $586,000.
• Rexford Industrial Realty is expected to report earnings of 2.38 EPS for the current year, with a recent quarterly report showing a net margin of 33.88%.
• The company announced a quarterly dividend of $0.43 per share, with an annualized yield of 3.9%, and a dividend payout ratio of 121.13%.

Sequoia Financial Advisors LLC bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,483 shares of the real estate investment trust's stock, valued at approximately $586,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Rexford Industrial Realty by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 30,711,076 shares of the real estate investment trust's stock valued at $1,202,339,000 after acquiring an additional 779,095 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Rexford Industrial Realty by 1.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,443,472 shares of the real estate investment trust's stock valued at $1,074,413,000 after acquiring an additional 445,743 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Rexford Industrial Realty by 130.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,751,922 shares of the real estate investment trust's stock valued at $303,488,000 after acquiring an additional 4,384,624 shares during the period. Centersquare Investment Management LLC lifted its stake in Rexford Industrial Realty by 7.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,808,035 shares of the real estate investment trust's stock valued at $188,235,000 after acquiring an additional 315,869 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Rexford Industrial Realty by 18.3% during the 1st quarter. JPMorgan Chase & Co. now owns 3,856,451 shares of the real estate investment trust's stock valued at $150,980,000 after acquiring an additional 595,759 shares during the period. Institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on REXR shares. Industrial Alliance Securities set a $40.00 price objective on shares of Rexford Industrial Realty in a research note on Monday, September 15th. Weiss Ratings reiterated a "hold (c)" rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Cantor Fitzgerald started coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an "overweight" rating and a $50.00 price objective on the stock. Barclays increased their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, September 15th. Finally, Wall Street Zen cut shares of 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, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.00.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $43.72 on Monday. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $46.22. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 4.84 and a beta of 1.13. The company's 50 day moving average is $41.13 and its two-hundred day moving average is $37.37. 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 released its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company had revenue of $246.76 million for the quarter, compared to analysts' expectations of $253.46 million. During the same quarter last year, the business earned $0.59 EPS. The firm's revenue 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, research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, December 31st. This represents a $1.72 dividend on an annualized basis and a yield of 3.9%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 121.13%.

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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