Strs Ohio Purchases New Holdings in Rexford Industrial Realty, Inc. $REXR

Key Points

• Strs Ohio recently purchased 381,836 shares of Rexford Industrial Realty, valued at approximately $14.95 million, making up about 0.16% of the company.
• Recent insider activity included General Counsel David E. Lanzer selling 26,449 shares at an average price of $36.87, totaling $975,174.63.
• Rexford Industrial Realty announced a quarterly dividend of $0.43 per share, set to be paid on October 15, resulting in an annualized yield of 4.0%.

Strs Ohio purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 381,836 shares of the real estate investment trust's stock, valued at approximately $14,949,000. Strs Ohio owned 0.16% of Rexford Industrial Realty at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Rexford Industrial Realty by 9.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,904,600 shares of the real estate investment trust's stock valued at $74,565,000 after purchasing an additional 157,913 shares during the period. Zimmer Partners LP acquired a new stake in shares of Rexford Industrial Realty in the 1st quarter valued at about $18,596,000. Goldman Sachs Group Inc. raised its stake in shares of Rexford Industrial Realty by 41.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust's stock valued at $70,931,000 after purchasing an additional 526,877 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of Rexford Industrial Realty by 1.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 62,500 shares of the real estate investment trust's stock valued at $2,447,000 after purchasing an additional 1,100 shares during the period. Finally, Sandler Capital Management acquired a new stake in shares of Rexford Industrial Realty in the 1st quarter valued at about $235,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

REXR stock traded up $0.26 during mid-day trading on Thursday, hitting $42.54. 1,977,559 shares of the company were exchanged, compared to its average volume of 2,756,211. The business has a 50 day simple moving average of $39.12 and a 200-day simple moving average of $37.13. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $10.07 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 4.69 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.37.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $241.57 million during the quarter, compared to the consensus estimate of $251.72 million. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.43 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 annualized dividend and a yield of 4.0%. Rexford Industrial Realty's dividend payout ratio (DPR) is 127.41%.

Analyst Ratings Changes

Several brokerages have recently weighed in on REXR. Truist Financial raised their price objective on Rexford Industrial Realty from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Evercore ISI raised their price objective on Rexford Industrial Realty from $39.00 to $40.00 and gave the company an "in-line" rating in a report on Monday. Industrial Alliance Securities set a $40.00 price objective on Rexford Industrial Realty in a report on Monday. Mizuho raised their price objective on Rexford Industrial Realty from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, September 8th. Finally, Barclays raised their price objective on Rexford Industrial Realty from $35.00 to $39.00 and gave the company an "underweight" rating in a report on Monday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.09.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty 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 transaction of $975,174.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

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.