Allianz Asset Management GmbH Has $6.16 Million Stake in Rexford Industrial Realty, Inc. $REXR

Allianz Asset Management GmbH grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 34.2% during the second quarter, HoldingsChannel.com reports. The firm owned 173,295 shares of the real estate investment trust’s stock after buying an additional 44,127 shares during the quarter. Allianz Asset Management GmbH’s holdings in Rexford Industrial Realty were worth $6,164,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of REXR. Northwestern Mutual Wealth Management Co. raised its position in Rexford Industrial Realty by 403.6% in 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. Bessemer Group Inc. boosted its position in Rexford Industrial Realty by 118.4% during the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Private Trust Co. NA grew its stake 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 worth $30,000 after acquiring an additional 370 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Rexford Industrial Realty by 280.7% in the first 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 purchasing an additional 800 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Rexford Industrial Realty by 211.2% in the first quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 978 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Down 1.1%

Shares of NYSE:REXR opened at $42.94 on Thursday. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $45.34. The company has a market capitalization of $10.00 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 5.16 and a beta of 1.13. The company has a 50-day simple moving average of $41.51 and a 200 day simple moving average of $37.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.59 and a current ratio of 2.95.

Rexford Industrial Realty (NYSE:REXR) 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. The business had revenue of $246.76 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%.Rexford Industrial Realty’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share 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. Investors of record on Wednesday, December 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is 121.13%.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of analyst reports. Scotiabank raised their target price on shares of Rexford Industrial Realty from $40.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, September 4th. Weiss Ratings restated a “hold (c)” rating on shares of Rexford Industrial Realty in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They issued an “overweight” rating and a $50.00 target price on the stock. Mizuho upped 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. Finally, Wall Street Zen downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.83.

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.