AlphaQuest LLC Cuts Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

AlphaQuest LLC lessened its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 70.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,639 shares of the real estate investment trust's stock after selling 6,295 shares during the period. AlphaQuest LLC's holdings in Rexford Industrial Realty were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Paradigm Asset Management Co. LLC acquired a new position in Rexford Industrial Realty in the fourth quarter valued at $1,082,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Rexford Industrial Realty in the third quarter valued at $3,376,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Rexford Industrial Realty by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock valued at $107,587,000 after buying an additional 93,360 shares during the last quarter. Impax Asset Management Group plc raised its holdings in shares of Rexford Industrial Realty by 63.6% in the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after buying an additional 8,431 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after buying an additional 954,202 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 target price for the company. Barclays cut their price target on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a report on Monday, January 13th. Scotiabank cut their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Robert W. Baird cut their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Mizuho cut their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company 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 assigned a buy rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty presently has an average rating of "Hold" and an average price target of $48.50.

Rexford Industrial Realty Price Performance

Shares of REXR stock traded down $1.36 during trading hours on Friday, hitting $39.00. The company's stock had a trading volume of 7,366,499 shares, compared to its average volume of 1,861,365. The business has a fifty day moving average of $40.27 and a 200-day moving average of $42.83. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. 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 (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate 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, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.43 per share. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.41%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) is 142.15%.

Rexford Industrial Realty Company 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.