Walleye Capital LLC Acquires Shares of 10,552 Rexford Industrial Realty, Inc. $REXR

Key Points

• Walleye Capital LLC acquired 10,552 shares of Rexford Industrial Realty, Inc. valued at approximately $413,000 in its latest SEC filing.
• Analysts have mixed sentiments on Rexford Industrial Realty, with price target adjustments ranging from $38.00 to $43.00, resulting in an average target of $40.55 and an overall rating of "Hold."
• Rexford Industrial Realty declared a quarterly dividend of $0.43 per share, indicating a dividend yield of 4.3% and a payout ratio of 127.41%.

Walleye Capital LLC acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,552 shares of the real estate investment trust's stock, valued at approximately $413,000.

A number of other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Rexford Industrial Realty by 130.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 7,751,922 shares of the real estate investment trust's stock valued at $303,488,000 after purchasing an additional 4,384,624 shares during the period. Nuveen LLC purchased a new stake in shares of Rexford Industrial Realty during the first quarter valued at $146,155,000. Rush Island Management LP purchased a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at $132,701,000. Resolution Capital Ltd purchased a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at $52,025,000. Finally, Vanguard Group Inc. boosted its stake in shares of Rexford Industrial Realty by 2.6% during the first quarter. Vanguard Group Inc. now owns 30,711,076 shares of the real estate investment trust's stock valued at $1,202,339,000 after purchasing an additional 779,095 shares during the period. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Wells Fargo & Company lowered 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 note on Monday, May 19th. Evercore ISI lowered shares of Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $39.00 to $38.00 in a research note on Friday, July 18th. Scotiabank upped their price objective on shares of Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 27th. Finally, Truist Financial upped their price objective on shares of Rexford Industrial Realty from $37.00 to $42.00 and gave the stock a "buy" rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.55.

Insider Activity at Rexford Industrial Realty

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company's stock.

Rexford Industrial Realty Stock Down 2.7%

NYSE:REXR opened at $40.27 on Wednesday. The firm has a market cap of $9.53 billion, a PE ratio of 29.83, a price-to-earnings-growth ratio of 4.60 and a beta of 1.13. The company has a 50-day moving average of $37.66 and a 200 day moving average of $36.95. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.37. 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 (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $241.57 million during 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 company's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.370-2.410 EPS. As a group, research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 4.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Rexford Industrial Realty's dividend payout ratio is presently 127.41%.

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.

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