Friedenthal Financial Acquires Shares of 24,719 Rexford Industrial Realty, Inc. $REXR

Friedenthal Financial bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 24,719 shares of the real estate investment trust’s stock, valued at approximately $1,016,000.

A number of other institutional investors have also recently modified their holdings of the business. Soroban Capital Partners LP increased its stake in shares of Rexford Industrial Realty by 57.2% in the 2nd quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock valued at $326,925,000 after purchasing an additional 3,344,677 shares in the last quarter. Norges Bank purchased a new stake in shares of Rexford Industrial Realty in the second quarter valued at approximately $104,116,000. Royal London Asset Management Ltd. acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $91,671,000. Nomura Holdings Inc. lifted its position in shares of Rexford Industrial Realty by 19,554.8% during the 2nd quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock valued at $82,622,000 after buying an additional 2,310,988 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Rexford Industrial Realty by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock valued at $1,154,629,000 after buying an additional 1,749,685 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 18,750 shares of Rexford Industrial Realty stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares in the company, valued at approximately $23,376,532.28. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 57,118 shares of company stock valued at $2,345,706 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $39.70 on Wednesday. The company has a market cap of $9.24 billion, a P/E ratio of 27.96, a P/E/G ratio of 2.50 and a beta of 1.22. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The company’s 50-day moving average price is $41.45 and its 200-day moving average price is $39.82. 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 (NYSE:REXR) last announced its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The company had revenue of $253.24 million during the quarter, compared to analysts’ expectations of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. During the same quarter in the prior year, the company earned $0.59 EPS. 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. On average, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 121.13%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an “underweight” rating in a research report on Monday, September 15th. Wells Fargo & Company upped their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. 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 price target on the stock. Mizuho boosted their price objective on Rexford Industrial Realty from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Finally, Scotiabank increased their target price on Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average price target of $43.00.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.