B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 67,110 Rexford Industrial Realty, Inc. (NYSE:REXR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 67,110 shares of the real estate investment trust's stock, valued at approximately $3,376,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV raised its holdings in Rexford Industrial Realty by 169.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 349 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Rexford Industrial Realty during the second quarter worth $26,000. UMB Bank n.a. lifted its holdings in Rexford Industrial Realty by 164.3% in the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 447 shares during the period. Headlands Technologies LLC bought a new stake in Rexford Industrial Realty during the second quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in Rexford Industrial Realty by 1,252.2% during the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust's stock valued at $47,000 after acquiring an additional 864 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $42.69 on Thursday. The company has a market cap of $9.49 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm's 50-day simple moving average is $46.63 and its two-hundred day simple moving average is $47.07. Rexford Industrial Realty, Inc. has a 52 week low of $41.16 and a 52 week high of $58.02.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The company had revenue of $241.84 million for the quarter, compared to analysts' expectations of $235.81 million. During the same period last year, the company posted $0.56 EPS. The business's revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty's payout ratio is 135.77%.

Insider Transactions at Rexford Industrial Realty

In other news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on REXR shares. Wells Fargo & Company dropped their price objective on Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 28th. Bank of America downgraded Rexford Industrial Realty from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $66.00 to $49.00 in a report on Monday, October 21st. StockNews.com lowered shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Mizuho lowered their price target on Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday, September 5th. Finally, Scotiabank cut shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $51.09.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.