Proficio Capital Partners LLC Invests $417,000 in Rexford Industrial Realty, Inc. (NYSE:REXR)

Proficio Capital Partners LLC acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,796 shares of the real estate investment trust's stock, valued at approximately $417,000.

A number of other hedge funds have also recently added to or reduced their stakes in REXR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Rexford Industrial Realty by 338.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust's stock worth $97,134,000 after buying an additional 1,489,876 shares during the period. JPMorgan Chase & Co. lifted its position in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after purchasing an additional 954,202 shares during the last quarter. Brookfield Corp ON acquired a new position in Rexford Industrial Realty during the 3rd quarter valued at about $13,838,000. Bamco Inc. NY boosted its stake in Rexford Industrial Realty by 18.4% during the 3rd quarter. Bamco Inc. NY now owns 1,526,016 shares of the real estate investment trust's stock valued at $76,774,000 after purchasing an additional 236,921 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in Rexford Industrial Realty in the 3rd quarter worth about $10,925,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on REXR shares. Robert W. Baird reduced their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research report on Tuesday. Scotiabank cut their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Finally, Mizuho decreased their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $46.83.

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Rexford Industrial Realty Trading Down 1.4 %

Shares of REXR traded down $0.56 during midday trading on Friday, hitting $39.37. The stock had a trading volume of 2,039,946 shares, compared to its average volume of 1,876,242. The business has a 50-day simple moving average of $40.35 and a two-hundred day simple moving average of $42.55. The firm has a market cap of $8.97 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.37%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is 142.15%.

Rexford Industrial Realty Profile

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.