Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 27.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,847 shares of the real estate investment trust's stock after selling 19,569 shares during the period. Bank of Montreal Can's holdings in Rexford Industrial Realty were worth $2,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Rexford Industrial Realty by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock valued at $1,157,170,000 after buying an additional 562,710 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 valued at $226,575,000 after acquiring an additional 954,202 shares during the last quarter. Centersquare Investment Management LLC raised its position in Rexford Industrial Realty by 32.3% during the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after purchasing an additional 1,097,349 shares in the last quarter. Geode Capital Management LLC lifted its stake in Rexford Industrial Realty by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock worth $160,282,000 after purchasing an additional 70,710 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Rexford Industrial Realty by 0.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock worth $130,180,000 after purchasing an additional 28,079 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on REXR shares. Evercore ISI decreased their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday. Barclays cut 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 report on Tuesday, March 25th. Robert W. Baird reduced their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective on the stock. Finally, Mizuho decreased their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. 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 MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $44.67.

Rexford Industrial Realty Trading Up 1.7 %

Shares of Rexford Industrial Realty stock traded up $0.54 during trading on Tuesday, hitting $32.24. The stock had a trading volume of 3,080,628 shares, compared to its average volume of 1,889,711. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The stock has a market cap of $7.61 billion, a PE ratio of 26.64, a PEG ratio of 2.62 and a beta of 0.99. The firm's fifty day simple moving average is $37.86 and its 200-day simple moving average is $40.28.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The firm had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.34%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.

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.