Polymer Capital Management US LLC Takes $323,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Polymer Capital Management US LLC bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,366 shares of the real estate investment trust's stock, valued at approximately $323,000.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in Rexford Industrial Realty by 243.8% during the 3rd quarter. FMR LLC now owns 275,669 shares of the real estate investment trust's stock valued at $13,869,000 after purchasing an additional 195,496 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Rexford Industrial Realty by 256.6% during the third quarter. HighTower Advisors LLC now owns 57,431 shares of the real estate investment trust's stock worth $2,909,000 after purchasing an additional 41,324 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Rexford Industrial Realty by 4.8% in the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock valued at $325,000 after buying an additional 296 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Rexford Industrial Realty by 14.3% in the third quarter. Quantinno Capital Management LP now owns 13,939 shares of the real estate investment trust's stock valued at $701,000 after buying an additional 1,744 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in Rexford Industrial Realty by 2.7% during the 3rd quarter. Stifel Financial Corp now owns 53,402 shares of the real estate investment trust's stock worth $2,687,000 after buying an additional 1,380 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Trading Up 1.6 %

Shares of REXR traded up $0.50 during trading hours on Friday, reaching $32.44. The stock had a trading volume of 3,730,293 shares, compared to its average volume of 1,920,938. The company has a market cap of $7.40 billion, a P/E ratio of 26.81, a P/E/G ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average of $38.98 and a 200 day moving average of $41.05.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (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%. On average, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio is 142.15%.

Analysts Set New Price Targets

Several research firms have weighed in on REXR. Scotiabank lowered their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Barclays reduced their price objective on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Robert W. Baird dropped their target price 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. Finally, Mizuho decreased their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $46.17.

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.