Hsbc Holdings PLC Has $7.88 Million Holdings in Rexford Industrial Realty, Inc. $REXR

Hsbc Holdings PLC lessened its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 53.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,411 shares of the real estate investment trust’s stock after selling 258,103 shares during the quarter. Hsbc Holdings PLC owned 0.09% of Rexford Industrial Realty worth $7,876,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Summit Investment Advisors Inc. increased its position in shares of Rexford Industrial Realty by 0.7% during the first quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock worth $1,753,000 after acquiring an additional 308 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Rexford Industrial Realty by 0.3% in the second quarter. Mutual of America Capital Management LLC now owns 117,425 shares of the real estate investment trust’s stock worth $4,177,000 after purchasing an additional 311 shares during the last quarter. Caitlin John LLC lifted its holdings in shares of Rexford Industrial Realty by 6.4% in the second quarter. Caitlin John LLC now owns 6,027 shares of the real estate investment trust’s stock valued at $214,000 after purchasing an additional 361 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Rexford Industrial Realty by 2.2% during the first quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust’s stock valued at $716,000 after buying an additional 388 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Rexford Industrial Realty by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after buying an additional 423 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on REXR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. BNP Paribas Exane reiterated a “neutral” rating and issued a $47.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, October 21st. Wall Street Zen downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Industrial Alliance Securities set a $42.00 target price on Rexford Industrial Realty in a report on Wednesday, November 19th. Finally, Barclays lifted their price target on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a report on Monday, September 15th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus target price of $43.08.

Rexford Industrial Realty Stock Down 1.2%

Rexford Industrial Realty stock opened at $41.16 on Friday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $9.58 billion, a P/E ratio of 28.98, a P/E/G ratio of 2.58 and a beta of 1.22. The firm has a 50 day moving average price of $41.59 and a 200-day moving average price of $39.26. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The business had revenue of $253.24 million during the quarter, compared to analyst estimates of $253.46 million. During the same period in the prior year, the company earned $0.59 earnings per share. Rexford Industrial Realty’s revenue was up 4.7% compared to the same quarter last year. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s payout ratio is currently 121.13%.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Michael S. Frankel sold 20,318 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the transaction, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 38,368 shares of company stock worth $1,594,581 over the last quarter. 1.20% of the stock is owned by corporate insiders.

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.