AR Asset Management Inc. Has $1.11 Million Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

AR Asset Management Inc. cut its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 41.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,600 shares of the real estate investment trust's stock after selling 20,000 shares during the period. AR Asset Management Inc.'s holdings in Rexford Industrial Realty were worth $1,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of REXR. JPMorgan Chase & Co. raised its holdings in Rexford Industrial Realty by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after purchasing an additional 954,202 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Rexford Industrial Realty by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust's stock worth $205,014,000 after buying an additional 74,865 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Rexford Industrial Realty by 14.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust's stock valued at $167,996,000 after buying an additional 431,659 shares during the period. Wellington Management Group LLP boosted its stake in Rexford Industrial Realty by 1.9% in the third quarter. Wellington Management Group LLP now owns 2,265,637 shares of the real estate investment trust's stock valued at $113,984,000 after acquiring an additional 42,450 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Rexford Industrial Realty by 338.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust's stock valued at $97,134,000 after acquiring an additional 1,489,876 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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Rexford Industrial Realty Stock Down 0.6 %

Shares of NYSE:REXR traded down $0.26 during midday trading on Wednesday, reaching $40.41. 1,223,436 shares of the company were exchanged, compared to its average volume of 2,016,214. The firm has a market cap of $9.21 billion, a PE ratio of 33.39, a P/E/G ratio of 2.62 and a beta of 0.95. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $53.88. The stock has a fifty day simple moving average of $39.60 and a two-hundred day simple moving average of $44.06. The company has a quick ratio of 1.30, a current 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 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.26%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 142.15%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on REXR. 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. Mizuho reduced their target price 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. Barclays decreased their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research report on Monday, January 13th. Truist Financial cut their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $48.75.

About Rexford Industrial Realty

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.