SG Americas Securities LLC Acquires 364,569 Shares of Rexford Industrial Realty, Inc. $REXR

SG Americas Securities LLC grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 967.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 402,239 shares of the real estate investment trust’s stock after acquiring an additional 364,569 shares during the period. SG Americas Securities LLC’s holdings in Rexford Industrial Realty were worth $16,536,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Rexford Industrial Realty by 3.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock valued at $472,000 after purchasing an additional 423 shares in the last quarter. Amundi grew its holdings in shares of Rexford Industrial Realty by 5.8% during the first quarter. Amundi now owns 126,678 shares of the real estate investment trust’s stock worth $4,544,000 after purchasing an additional 6,970 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at $267,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Rexford Industrial Realty by 3.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,815 shares of the real estate investment trust’s stock valued at $9,206,000 after buying an additional 9,443 shares during the last quarter. Finally, Canoe Financial LP acquired a new position in Rexford Industrial Realty during the 2nd quarter worth about $1,227,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 shares were 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 of the company’s stock, valued at $23,376,532.28. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 57,118 shares of company stock valued at $2,345,706. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. BNP Paribas cut shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. Wall Street Zen lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Industrial Alliance Securities set a $42.00 price objective on Rexford Industrial Realty in a report on Wednesday, November 19th. Robert W. Baird set a $41.00 target price on Rexford Industrial Realty in a research note on Thursday. Finally, UBS Group set a $44.00 target price on Rexford Industrial Realty in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $42.85.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $40.37 on Friday. The firm has a fifty day moving average of $40.64 and a two-hundred day moving average of $39.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.95 and a current ratio of 2.95. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.48 and a beta of 1.22. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data 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. The business had revenue of $253.24 million during the quarter, compared to analysts’ expectations of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. As a group, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

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

About Rexford Industrial Realty

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.