Anchor Capital Advisors LLC Takes $40.37 Million Position in Rexford Industrial Realty, Inc. $REXR

Anchor Capital Advisors LLC purchased a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,134,908 shares of the real estate investment trust’s stock, valued at approximately $40,369,000.

Several other institutional investors have also made changes to their positions in REXR. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Rexford Industrial Realty by 403.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 553 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Rexford Industrial Realty by 95.6% during the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 370 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Rexford Industrial Realty by 280.7% during the 1st 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 buying an additional 800 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Rexford Industrial Realty by 2,331.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,399 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Rexford Industrial Realty by 211.2% during the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 978 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $41.35 on Thursday. 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 business’s 50 day moving average is $42.00 and its two-hundred day moving average is $38.23. The company has a market cap of $9.63 billion, a P/E ratio of 29.12, a P/E/G ratio of 3.05 and a beta of 1.15. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. The company had revenue of $246.76 million for the quarter, compared to the consensus estimate of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 EPS. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

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

Wall Street Analyst Weigh In

REXR has been the subject of several research reports. BNP Paribas Exane reiterated a “neutral” rating and set a $47.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Mizuho boosted their target price on Rexford Industrial Realty from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Truist Financial boosted their target price on Rexford Industrial Realty from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Scotiabank boosted their target price on Rexford Industrial Realty from $40.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus price target of $42.58.

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.