22,893 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired 22,893 shares of Rexford Industrial Realty, valued at approximately $896,000, marking a new investment from the firm in the first quarter.
• Rexford Industrial Realty recently announced a quarterly dividend of $0.43 per share, with a dividend yield of 4.8% and a payout ratio of 127.41%.
• The company's earnings report showed a 12-month high of $52.61, with the latest earnings per share at $0.59, slightly beating analysts' expectations of $0.58.

XTX Topco Ltd acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 22,893 shares of the real estate investment trust's stock, valued at approximately $896,000.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Rexford Industrial Realty by 332.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 566 shares during the period. Bessemer Group Inc. raised 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 purchasing an additional 405 shares in the last quarter. Private Trust Co. NA lifted its holdings in Rexford Industrial Realty by 95.6% during the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after buying an additional 370 shares during the period. GAMMA Investing LLC boosted its position in Rexford Industrial Realty by 211.2% during the first quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 978 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Rexford Industrial Realty by 188.0% during the first quarter. UMB Bank n.a. now owns 2,877 shares of the real estate investment trust's stock valued at $113,000 after acquiring an additional 1,878 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel David E. Lanzer sold 26,449 shares of the stock in a transaction on 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 accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Rexford Industrial Realty Stock Performance

REXR traded up $0.24 during trading on Thursday, reaching $36.98. 1,229,500 shares of the company were exchanged, compared to its average volume of 2,606,491. 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 stock has a market cap of $8.75 billion, a P/E ratio of 27.43, a PEG ratio of 4.10 and a beta of 1.10. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The firm has a 50 day moving average of $36.58 and a 200 day moving average of $37.14.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $241.57 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.7%. Rexford Industrial Realty's dividend payout ratio (DPR) is 127.41%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on REXR shares. JPMorgan Chase & Co. cut their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Truist Financial dropped their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Evercore ISI downgraded Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and decreased their target price for the stock from $39.00 to $38.00 in a report on Friday, July 18th. Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, May 6th. Finally, Scotiabank decreased their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $39.82.

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.