Atria Investments Inc Sells 7,030 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Atria Investments Inc lessened its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 52.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,469 shares of the real estate investment trust's stock after selling 7,030 shares during the quarter. Atria Investments Inc's holdings in Rexford Industrial Realty were worth $250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its stake in Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Quarry LP raised its stake in Rexford Industrial Realty by 239.6% during the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock worth $133,000 after acquiring an additional 1,869 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after acquiring an additional 2,709 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Rexford Industrial Realty by 49.5% during the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 965 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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Analyst Upgrades and Downgrades

REXR has been the subject of several research analyst reports. Barclays lowered their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research note on Monday, January 13th. Robert W. Baird lowered their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Mizuho lowered their target price on 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. JPMorgan Chase & Co. lowered their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price target on the stock. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $48.50.

Rexford Industrial Realty Trading Down 3.4 %

REXR stock traded down $1.36 during trading on Friday, hitting $39.00. The company had a trading volume of 7,366,499 shares, compared to its average volume of 1,861,365. The business has a 50-day moving average of $40.27 and a 200-day moving average of $42.83. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $52.61. The stock has a market cap of $8.89 billion, a PE ratio of 32.23, a PEG ratio of 2.62 and a beta of 0.98. 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 announced its 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 return on equity of 3.26% and a net margin of 29.10%. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.41%. Rexford Industrial Realty's dividend payout ratio is presently 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.