Rexford Industrial Realty (NYSE:REXR) CEO Sells $441,975.00 in Stock

by · The Markets Daily

Rexford Industrial Realty, Inc. (NYSE:REXR – Get Free Report) CEO Michael Frankel sold 10,650 shares of Rexford Industrial Realty stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $41.50, for a total transaction of $441,975.00. Following the completion of the sale, the chief executive officer owned 630,006 shares in the company, valued at approximately $26,145,249. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rexford Industrial Realty Price Performance

REXR stock traded down $0.48 during mid-day trading on Thursday, hitting $41.16. The company had a trading volume of 1,589,490 shares, compared to its average volume of 1,690,109. The company has a 50-day moving average price of $41.59 and a 200 day moving average price of $39.26. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $44.38. The company has a market capitalization of $9.58 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.58 and a beta of 1.22. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR – Get Free Report) last issued its earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.01. The firm had revenue of $253.24 million for 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 business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. Rexford Industrial Realty has set its FY 2025 guidance at 2.390-2.410 EPS. On average, research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced 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. 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 4.2%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 121.13%.

Analysts Set New Price Targets

REXR has been the subject of a number of recent research reports. Wolfe Research cut shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Evercore ISI reduced their target price on Rexford Industrial Realty from $42.00 to $41.00 and set an “in-line” rating on the stock in a research note on Monday. Scotiabank boosted their price target 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. Wells Fargo & Company increased their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Mizuho raised their target price on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus target price of $43.08.

View Our Latest Stock Analysis on REXR

Institutional Investors Weigh In On Rexford Industrial Realty

A number of institutional investors have recently added to or reduced their stakes in REXR. Northwestern Mutual Wealth Management Co. grew its stake in Rexford Industrial Realty by 403.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 690 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 553 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Rexford Industrial Realty during the third quarter valued at about $33,000. Wiser Advisor Group LLC bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter valued at about $34,000. Allworth Financial LP grew its position in shares of Rexford Industrial Realty by 140.3% in the 3rd 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. Finally, Quent Capital LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $41,000. Institutional investors own 99.52% of the company’s stock.

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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