Key Points
- CEO Michael Frankel sold 20,318 shares at an average price of $41.61 on Dec. 4, totaling $845,431.98; he now holds 602,288 shares, a 3.26% reduction in his position.
- Rexford declared a quarterly dividend of $0.43 per share (annualized $1.72), with an ex-dividend date of Dec. 31 and payment on Jan. 15, implying a yield of about 4.2%.
- Company snapshot and outlook: market cap ~$9.58B, FY2025 EPS guidance of 2.390–2.410, and a consensus analyst rating of "Hold" with an average target of $43.08.
Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) CEO Michael Frankel sold 7,400 shares of the firm's stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $41.51, for a total transaction of $307,174.00. Following the completion of the transaction, the chief executive officer directly owned 622,606 shares of the company's stock, valued at approximately $25,844,375.06. This trade represents a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Rexford Industrial Realty Stock Performance
REXR stock traded down $0.12 during midday trading on Friday, reaching $41.08. 65,361 shares of the company's stock traded hands, compared to its average volume of 2,486,690. The firm has a market capitalization of $9.56 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.58 and a beta of 1.22. The company has a 50-day moving average price of $41.59 and a two-hundred day moving average price of $39.26. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $44.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $253.24 million during the quarter, compared to analyst estimates of $253.46 million. During the same period last year, the company earned $0.59 earnings per share. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, equities analysts anticipate 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 dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.72 annualized dividend and a yield of 4.2%. Rexford Industrial Realty's payout ratio is currently 121.13%.
Hedge Funds Weigh In On Rexford Industrial Realty
A number of large investors have recently added to or reduced their stakes in REXR. LPL Financial LLC boosted its position in Rexford Industrial Realty by 68.0% during the first quarter. LPL Financial LLC now owns 118,265 shares of the real estate investment trust's stock valued at $4,630,000 after buying an additional 47,849 shares during the period. Federated Hermes Inc. lifted its stake in shares of Rexford Industrial Realty by 2.2% in the 1st quarter. Federated Hermes Inc. now owns 18,297 shares of the real estate investment trust's stock valued at $716,000 after acquiring an additional 388 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 52.9% in the 1st quarter. Natixis Advisors LLC now owns 50,917 shares of the real estate investment trust's stock valued at $1,993,000 after acquiring an additional 17,607 shares during the last quarter. US Bancorp DE boosted its holdings in Rexford Industrial Realty by 65.1% during the 1st quarter. US Bancorp DE now owns 7,278 shares of the real estate investment trust's stock valued at $285,000 after acquiring an additional 2,870 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in Rexford Industrial Realty during the 1st quarter worth approximately $325,000. Hedge funds and other institutional investors own 99.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Truist Financial increased their price objective on Rexford Industrial Realty from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Wednesday, November 5th. Wolfe Research lowered Rexford Industrial Realty from an "outperform" rating to a "peer perform" rating in a research note on Monday, October 20th. Barclays upped their target price on Rexford Industrial Realty from $35.00 to $39.00 and gave the stock an "underweight" rating in a research note on Monday, September 15th. Finally, Industrial Alliance Securities set a $42.00 price target on Rexford Industrial Realty in a report on Wednesday, November 19th. 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. According to MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of "Hold" and a consensus target price of $43.08.
Check Out Our Latest Report on REXR
Rexford Industrial Realty Company Profile
(
Get Free Report)
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.
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