Strs Ohio Buys Shares of 381,836 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 bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 381,836 shares of the real estate investment trust's stock, valued at approximately $14,949,000. Strs Ohio owned approximately 0.16% of Rexford Industrial Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Rexford Industrial Realty by 9.0% during the first 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 in the last quarter. Zimmer Partners LP bought a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $18,596,000. Goldman Sachs Group Inc. increased its stake in shares of Rexford Industrial Realty by 41.0% during the first 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 in the last quarter. UniSuper Management Pty Ltd grew its holdings in shares of Rexford Industrial Realty by 1.8% during the first quarter. UniSuper Management Pty Ltd now owns 62,500 shares of the real estate investment trust's stock valued at $2,447,000 after buying an additional 1,100 shares during the last quarter. Finally, Sandler Capital Management purchased a new stake in shares of Rexford Industrial Realty during the first quarter valued at approximately $235,000. Institutional investors own 99.52% of the company's stock.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on REXR. Evercore ISI increased their price target on shares of Rexford Industrial Realty from $38.00 to $39.00 and gave the company an "in-line" rating in a report on Monday, September 8th. Wells Fargo & Company dropped their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Industrial Alliance Securities set a $39.00 price target on shares of Rexford Industrial Realty in a research report on Monday, September 8th. Scotiabank increased their price target on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Thursday, September 4th. Finally, Truist Financial increased their price target on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and an average target price of $40.55.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $43.45 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 5.59. The company has a market cap of $10.28 billion, a P/E ratio of 32.18, a P/E/G ratio of 4.83 and a beta of 1.13. The firm's fifty day moving average is $38.66 and its two-hundred day moving average is $37.06. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.37.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The company had revenue of $241.57 million for 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%. Rexford Industrial Realty's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. As a group, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 30th. Rexford Industrial Realty's payout ratio is currently 127.41%.

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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