Capital International Inc. CA grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR – Free Report) by 26.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 96,409 shares of the real estate investment trust’s stock after purchasing an additional 20,343 shares during the period. Capital International Inc. CA’s holdings in Rexford Industrial Realty were worth $3,733,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth $31,000. Vision Financial Markets LLC bought a new position in Rexford Industrial Realty during the third quarter worth about $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Rexford Industrial Realty during the fourth quarter worth about $34,000. Wiser Advisor Group LLC bought a new position in Rexford Industrial Realty during the third quarter worth about $34,000. Finally, Allworth Financial LP boosted its holdings in Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 574 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.
Rexford Industrial Realty Stock Down 0.2%
NYSE:REXR opened at $34.00 on Tuesday. Rexford Industrial Realty, Inc. has a 1 year low of $32.14 and a 1 year high of $44.38. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 1.42 and a beta of 1.21. The stock has a 50-day moving average price of $35.08 and a two-hundred day moving average price of $37.48.
Rexford Industrial Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th. Rexford Industrial Realty’s dividend payout ratio is presently 187.10%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on REXR shares. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wells Fargo & Company reduced their target price on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 1st. Citigroup reduced their target price on Rexford Industrial Realty from $46.00 to $39.00 and set a “neutral” rating on the stock in a report on Friday, February 13th. Zacks Research raised Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Truist Financial decreased their target price on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $41.46.
Get Our Latest Report on Rexford Industrial Realty
Insider Activity
In related news, CEO Michael S. Frankel sold 23,132 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $35.29, for a total transaction of $816,328.28. Following the sale, the chief executive officer owned 560,406 shares in the company, valued at approximately $19,776,727.74. This represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel David E. Lanzer sold 33,299 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $35.47, for a total value of $1,181,115.53. Following the sale, the general counsel owned 33,299 shares in the company, valued at $1,181,115.53. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.80% of the company’s stock.
Rexford Industrial Realty 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.
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