Truvestments Capital LLC Takes $3.03 Million Position in Rexford Industrial Realty, Inc. $REXR

Key Points

• Truvestments Capital LLC has acquired a $3.03 million stake in Rexford Industrial Realty, Inc., purchasing 77,403 shares during the first quarter.
• Numerous other institutional investors significantly increased their holdings in Rexford Industrial Realty, indicating strong confidence in the company.
• The company declared a quarterly dividend of $0.43 to be paid on October 15th, representing a 4.3% yield for shareholders.

Truvestments Capital LLC purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,403 shares of the real estate investment trust's stock, valued at approximately $3,030,000.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Rexford Industrial Realty by 403.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 553 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Rexford Industrial Realty by 332.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 566 shares during the period. Bessemer Group Inc. grew its holdings in shares of Rexford Industrial Realty by 118.4% in the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 405 shares during the period. Private Trust Co. NA grew its holdings in shares of Rexford Industrial Realty by 95.6% in the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 370 shares during the period. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Rexford Industrial Realty by 280.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,085 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Transactions at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction dated 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the company a "buy" rating in a report on Wednesday, August 20th. Wells Fargo & Company decreased their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Barclays decreased their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Evercore ISI lowered shares of Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and decreased their price target for the company from $39.00 to $38.00 in a report on Friday, July 18th. Finally, Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $40.27.

Rexford Industrial Realty Stock Down 0.1%

Shares of REXR stock opened at $40.04 on Wednesday. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.48. The firm's fifty day moving average price is $37.22 and its two-hundred day moving average price is $36.92. The firm has a market capitalization of $9.48 billion, a P/E ratio of 29.66, a PEG ratio of 4.45 and a beta of 1.10.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $251.72 million. During the same period in the previous year, the business earned $0.60 EPS. The company's revenue was up 5.0% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. On average, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 30th. Rexford Industrial Realty's payout ratio is presently 127.41%.

About Rexford Industrial Realty

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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