Asset Management One Co. Ltd. Has $17.29 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Asset Management One Co. Ltd. lessened its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 446,603 shares of the real estate investment trust's stock after selling 25,079 shares during the quarter. Asset Management One Co. Ltd. owned 0.20% of Rexford Industrial Realty worth $17,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of REXR. UMB Bank n.a. lifted its position in 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 worth $39,000 after buying an additional 280 shares in the last quarter. IHT Wealth Management LLC lifted its position in Rexford Industrial Realty by 4.8% during the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock worth $325,000 after buying an additional 296 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in 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 worth $123,000 after buying an additional 371 shares in the last quarter. M&T Bank Corp lifted its position in Rexford Industrial Realty by 1.5% during the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock worth $1,470,000 after buying an additional 442 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Rexford Industrial Realty by 22.2% during the 3rd quarter. Signaturefd LLC now owns 2,637 shares of the real estate investment trust's stock worth $133,000 after buying an additional 479 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Ratings Changes

REXR has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Mizuho cut their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Barclays cut their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Monday, January 13th. Scotiabank cut Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $48.75.

Rexford Industrial Realty Stock Down 0.1 %

Shares of NYSE REXR traded down $0.04 during trading hours on Wednesday, hitting $40.95. The company had a trading volume of 1,795,857 shares, compared to its average volume of 2,119,225. The stock has a market capitalization of $9.34 billion, a P/E ratio of 33.84, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. 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, Inc. has a 1-year low of $36.92 and a 1-year high of $53.88. The firm's 50 day moving average is $39.58 and its 200-day moving average is $44.41.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced 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%. On average, analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 4.20%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 138.02%.

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.