Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 96.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,245 shares of the real estate investment trust's stock after selling 236,431 shares during the period. Baillie Gifford & Co.'s holdings in Rexford Industrial Realty were worth $357,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts have issued reports on REXR shares. 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 research note on Thursday, February 13th. Mizuho dropped their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price on the stock. Scotiabank cut shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and cut their price target for the stock from $55.00 to $48.00 in a report on Friday, October 25th. Finally, Barclays reduced their price target on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating on the stock in a research note on Monday, January 13th. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $48.75.

Rexford Industrial Realty Stock Down 0.7 %

Shares of REXR traded down $0.31 during mid-day trading on Friday, hitting $40.48. The company's stock had a trading volume of 1,133,635 shares, compared to its average volume of 2,058,942. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 2.63 and a beta of 0.95. The company's 50-day moving average is $39.59 and its 200-day moving average is $44.30. 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, Inc. has a 52-week low of $36.92 and a 52-week high of $53.88.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS 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. Shareholders of record on Monday, March 31st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.25%. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's payout ratio is 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.