Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC cut its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 25.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 120,937 shares of the real estate investment trust's stock after selling 40,842 shares during the quarter. Rexford Industrial Realty comprises 1.9% of American Assets Capital Advisers LLC's investment portfolio, making the stock its 20th biggest position. American Assets Capital Advisers LLC owned about 0.05% of Rexford Industrial Realty worth $6,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fulton Bank N.A. boosted its position in Rexford Industrial Realty by 4.7% during the third quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 224 shares during the last quarter. Inspire Investing LLC boosted its holdings in Rexford Industrial Realty by 4.9% in the 1st quarter. Inspire Investing LLC now owns 7,126 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 331 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Rexford Industrial Realty by 2.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,641 shares of the real estate investment trust's stock valued at $653,000 after purchasing an additional 337 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Rexford Industrial Realty by 0.8% in the 2nd quarter. Victory Capital Management Inc. now owns 46,066 shares of the real estate investment trust's stock valued at $2,054,000 after purchasing an additional 345 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Rexford Industrial Realty by 169.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 349 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on REXR shares. Truist Financial decreased their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday. Bank of America lowered shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a report on Friday, October 18th. JPMorgan Chase & Co. upped their price objective on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Finally, Mizuho decreased their price objective on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $51.09.

Rexford Industrial Realty Stock Down 3.2 %

Shares of NYSE:REXR traded down $1.37 during trading hours on Tuesday, reaching $41.39. The stock had a trading volume of 2,285,143 shares, compared to its average volume of 1,725,829. Rexford Industrial Realty, Inc. has a 1 year low of $41.36 and a 1 year high of $58.02. The firm's 50 day moving average is $47.41 and its 200-day moving average is $47.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $9.20 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.06 and a beta of 0.94.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The firm had revenue of $241.84 million during the quarter, compared to analysts' expectations of $235.81 million. During the same period in the prior year, the company posted $0.56 earnings per share. The company'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 fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty's dividend payout ratio is presently 135.77%.

Insider Buying and Selling at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company's stock.

About Rexford Industrial Realty

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.