Westwood Holdings Group Inc. Boosts Holdings in Rexford Industrial Realty, Inc. $REXR

Westwood Holdings Group Inc. lifted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 10.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 649,966 shares of the real estate investment trust’s stock after acquiring an additional 59,671 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Rexford Industrial Realty were worth $23,119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Rexford Industrial Realty by 403.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 553 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 worth $42,000 after buying an additional 800 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of Rexford Industrial Realty by 2,331.7% in the second quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,399 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 131.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,252 shares of the real estate investment trust’s stock valued at $116,000 after acquiring an additional 1,848 shares during the last quarter. Finally, Virtus Investment Advisers LLC boosted its holdings in Rexford Industrial Realty by 19.0% during the 2nd quarter. Virtus Investment Advisers LLC now owns 4,694 shares of the real estate investment trust’s stock valued at $167,000 after acquiring an additional 751 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 1.1%

Shares of Rexford Industrial Realty stock opened at $41.21 on Monday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $44.38. The company has a market cap of $9.59 billion, a P/E ratio of 29.02, a PEG ratio of 2.56 and a beta of 1.22. The company’s fifty day simple moving average is $41.49 and its two-hundred day simple moving average is $39.56.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The firm had revenue of $253.24 million for the quarter, compared to analyst estimates of $253.46 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter 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. Research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

REXR has been the topic of a number of analyst reports. Scotiabank lifted their price target on Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Cantor Fitzgerald assumed coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price on the stock. UBS Group set a $44.00 price target on shares of Rexford Industrial Realty in a research report on Monday, November 10th. BNP Paribas Exane restated a “neutral” rating and issued a $47.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, October 21st. Finally, Wells Fargo & Company upped their price objective on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Three equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.08.

Insider Activity

In other news, CEO Michael S. Frankel sold 20,318 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 57,118 shares of company stock valued at $2,345,706. 1.20% of the stock is currently owned by corporate insiders.

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.