Alliancebernstein L.P. Has $62.94 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Alliancebernstein L.P. trimmed its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,627,906 shares of the real estate investment trust's stock after selling 90,579 shares during the period. Alliancebernstein L.P. owned 0.73% of Rexford Industrial Realty worth $62,935,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of REXR. Quantbot Technologies LP acquired a new position in shares of Rexford Industrial Realty during the fourth quarter valued at $33,000. UMB Bank n.a. lifted its holdings in Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 1,248 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in Rexford Industrial Realty by 4,104.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after acquiring an additional 2,709 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock traded down $2.22 during trading on Thursday, reaching $31.74. 712,263 shares of the company's stock were exchanged, compared to its average volume of 1,911,821. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The firm's fifty day moving average price is $39.31 and its 200-day moving average price is $41.39. 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 stock has a market capitalization of $7.24 billion, a PE ratio of 26.33, a PEG ratio of 2.62 and a beta of 0.99.

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

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.43 per share. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 5.42%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 142.15%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank decreased their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday. Robert W. Baird dropped their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Barclays reduced their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and an average 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.