Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. cut its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 840,689 shares of the real estate investment trust's stock after selling 92,452 shares during the quarter. APG Asset Management US Inc. owned 0.38% of Rexford Industrial Realty worth $32,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Rexford Industrial Realty during the 4th quarter valued at about $33,000. UMB Bank n.a. boosted its position in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position 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 worth $58,000 after purchasing an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Rexford Industrial Realty during the fourth quarter valued at $65,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after buying an additional 2,709 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

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Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock traded up $0.02 during trading hours on Monday, hitting $32.52. 550,326 shares of the stock traded hands, compared to its average volume of 1,915,674. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 26.88, a P/E/G ratio of 2.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm's 50 day moving average price is $38.98 and its 200-day moving average price is $41.05.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 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%. As a group, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.29%. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is 142.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on REXR shares. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research note on Tuesday, March 25th. Scotiabank lowered their price target on 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 target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 25th. Mizuho dropped 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 research note on Wednesday, January 8th. Finally, Robert W. Baird reduced their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus 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.