UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $74.57 Million Stock Position 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 boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,904,600 shares of the real estate investment trust's stock after buying an additional 157,913 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.80% of Rexford Industrial Realty worth $74,565,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in REXR. Cetera Investment Advisers increased its position in Rexford Industrial Realty by 43.9% in the fourth quarter. Cetera Investment Advisers now owns 11,723 shares of the real estate investment trust's stock worth $453,000 after buying an additional 3,575 shares during the period. Janus Henderson Group PLC increased its position in Rexford Industrial Realty by 18.5% in the fourth quarter. Janus Henderson Group PLC now owns 143,784 shares of the real estate investment trust's stock worth $5,558,000 after buying an additional 22,428 shares during the period. Lazard Asset Management LLC acquired a new stake in Rexford Industrial Realty in the fourth quarter worth $961,000. Nomura Holdings Inc. acquired a new stake in Rexford Industrial Realty in the fourth quarter worth $2,071,000. Finally, Nissay Asset Management Corp Japan ADV increased its position in Rexford Industrial Realty by 4.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 31,889 shares of the real estate investment trust's stock worth $1,234,000 after buying an additional 1,236 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

REXR stock traded up $0.26 during trading hours on Thursday, hitting $42.54. 1,977,559 shares of the stock traded hands, compared to its average volume of 2,756,211. The stock has a 50-day simple moving average of $39.12 and a 200 day simple moving average of $37.13. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.37. The company has a market cap of $10.07 billion, a P/E ratio of 31.51, a P/E/G ratio of 4.69 and a beta of 1.13. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%.The business had revenue of $241.57 million during the quarter, compared to analysts' expectations of $251.72 million. During the same quarter last year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.43 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.0%. Rexford Industrial Realty's dividend payout ratio (DPR) is 127.41%.

Insider Buying and Selling at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $36.87, for a total value of $975,174.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

REXR has been the topic of several analyst reports. Truist Financial increased their target price on Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Evercore ISI increased their price target on Rexford Industrial Realty from $39.00 to $40.00 and gave the stock an "in-line" rating in a research note on Monday. Industrial Alliance Securities set a $40.00 price target on Rexford Industrial Realty in a research note on Monday. Barclays increased their price target on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday. Finally, Mizuho increased their price target on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $41.09.

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.