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Van Lanschot Kempen Investment Management N.V. Trims Stake in Rexford Industrial Realty, Inc. $REXR

Rexford Industrial Realty logo with Finance background

Key Points

  • Van Lanschot Kempen Investment Management N.V. reduced its stake in Rexford Industrial Realty by 33.1%, now holding $10.14 million worth of shares.
  • Analysts have lowered price targets for Rexford Industrial Realty, with Scotiabank setting a new target at $37.00 and indicating a "sector perform" rating.
  • Rexford Industrial Realty announced a quarterly dividend of $0.43 per share, with a yield of 4.4% and a dividend payout ratio of 127.41%.
  • Looking to export and analyze Rexford Industrial Realty data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Van Lanschot Kempen Investment Management N.V. trimmed its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 33.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 258,892 shares of the real estate investment trust's stock after selling 128,101 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.11% of Rexford Industrial Realty worth $10,136,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of REXR. MassMutual Private Wealth & Trust FSB lifted its holdings in Rexford Industrial Realty by 332.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 566 shares during the period. Bessemer Group Inc. lifted its holdings in Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 405 shares during the period. Private Trust Co. NA lifted its holdings in Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 370 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in Rexford Industrial Realty by 280.7% in the first 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 acquiring an additional 800 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Rexford Industrial Realty by 211.2% in the first quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 978 shares during the period. Institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

REXR has been the topic of a number of recent analyst reports. Evercore ISI cut 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. 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. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a research report on Tuesday, May 6th. Barclays cut their target price on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Finally, Scotiabank cut their target price on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Two investment 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 MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.27.

View Our Latest Stock Analysis on REXR

Insider Buying and Selling

In other 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 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 can be accessed through this hyperlink. Corporate insiders own 1.20% of the company's stock.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR traded up $1.3310 during mid-day trading on Friday, reaching $40.3910. The stock had a trading volume of 1,424,434 shares, compared to its average volume of 2,119,119. The company has a current ratio of 5.59, a quick ratio of 5.59 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.56 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 4.49 and a beta of 1.10. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. The business's 50 day moving average price is $37.07 and its 200 day moving average price is $36.92.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, topping 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 return on equity of 3.62% and a net margin of 32.04%.The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. Research analysts expect 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. 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 annualized dividend and a yield of 4.3%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 127.41%.

About Rexford Industrial Realty

(Free Report)

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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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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