TD Private Client Wealth LLC Makes New Investment in Rexford Industrial Realty, Inc. $REXR

Key Points

• TD Private Client Wealth LLC acquired a new position in Rexford Industrial Realty, Inc. by purchasing 10,663 shares valued at approximately $379,000 during the second quarter.
• Rexford Industrial Realty announced a quarterly dividend of $0.43 per share, representing a 4.1% yield, to be paid on October 15th.
• The company's stock has seen a 52-week range from $29.68 to $51.29, and its latest earnings report showed a 5.0% increase in revenue year-over-year.

TD Private Client Wealth LLC acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,663 shares of the real estate investment trust's stock, valued at approximately $379,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in Rexford Industrial Realty by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 411,128 shares of the real estate investment trust's stock worth $14,624,000 after acquiring an additional 22,471 shares during the last quarter. Caitlin John LLC grew its holdings in Rexford Industrial Realty by 6.4% during the 2nd quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust's stock worth $214,000 after acquiring an additional 361 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Rexford Industrial Realty by 10.8% during the 2nd quarter. Park Avenue Securities LLC now owns 10,259 shares of the real estate investment trust's stock worth $365,000 after acquiring an additional 1,004 shares during the last quarter. Canoe Financial LP bought a new stake in Rexford Industrial Realty during the 2nd quarter worth about $1,227,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Rexford Industrial Realty by 202.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,574 shares of the real estate investment trust's stock worth $2,323,000 after acquiring an additional 41,907 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

Shares of NYSE:REXR opened at $41.58 on Friday. The company has a market capitalization of $9.84 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 4.62 and a beta of 1.13. The firm's 50 day simple moving average is $39.77 and its 200 day simple moving average is $37.18. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $51.29.

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 for the quarter, beating analysts' consensus estimates of $0.58 by $0.01. The business 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% on a year-over-year basis. During the same period last year, the company posted $0.60 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is 127.41%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Industrial Alliance Securities set a $40.00 target price on shares of Rexford Industrial Realty in a research note on Monday, September 15th. Scotiabank raised their target price on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, September 4th. Barclays raised their target price on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the company an "underweight" rating in a research note on Monday, September 15th. 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. Finally, 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. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus price target of $41.09.

Insider Buying and Selling

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 SEC, which is available through the SEC website. Company insiders own 1.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.