UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $74.57 Million Stake in Rexford Industrial Realty, Inc. $REXR

Key Points

• UBS Asset Management increased its stake in Rexford Industrial Realty by 9% during the first quarter, holding approximately 1.9 million shares worth about $74.57 million as of the end of the reporting period.
• Rexford Industrial Realty recently announced a quarterly dividend of $0.43 per share, reflecting an annualized yield of 4% and a payout ratio of 127.41%.
• The company's latest earnings report showed a slight EPS of $0.59, beating estimates, though revenue fell short of expectations at $241.57 million.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,904,600 shares of the real estate investment trust's stock after purchasing an additional 157,913 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.80% of Rexford Industrial Realty worth $74,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its stake in Rexford Industrial Realty by 198.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,028 shares of the real estate investment trust's stock worth $1,528,000 after purchasing an additional 25,945 shares during the period. GAMMA Investing LLC boosted its stake in Rexford Industrial Realty by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 978 shares during the period. M&T Bank Corp boosted its stake in Rexford Industrial Realty by 1.2% in the 1st quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust's stock worth $1,052,000 after purchasing an additional 317 shares during the period. Bessemer Group Inc. lifted its position in 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 worth $29,000 after buying an additional 405 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in Rexford Industrial Realty by 40.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 36,792 shares of the real estate investment trust's stock worth $1,440,000 after buying an additional 10,603 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $43.45 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 32.18, a P/E/G ratio of 4.83 and a beta of 1.13. The company'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 posted its quarterly earnings results 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 company had revenue of $241.57 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

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

Insider Buying and Selling 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 transaction of $975,174.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

REXR has been the subject of a number of research analyst reports. Wells Fargo & Company cut their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Industrial Alliance Securities set a $39.00 target price on shares of Rexford Industrial Realty in a research report on Monday, September 8th. Mizuho increased their target price on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Scotiabank increased their target price 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 target price 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 research 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.55.

Rexford Industrial Realty 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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