Barclays PLC Has $10.86 Million Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Barclays PLC boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 68.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280,952 shares of the real estate investment trust's stock after buying an additional 113,756 shares during the period. Barclays PLC owned 0.13% of Rexford Industrial Realty worth $10,861,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Tidal Investments LLC grew its position in shares of Rexford Industrial Realty by 22.5% in the third quarter. Tidal Investments LLC now owns 171,433 shares of the real estate investment trust's stock valued at $8,625,000 after purchasing an additional 31,528 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Rexford Industrial Realty by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 822,740 shares of the real estate investment trust's stock worth $38,924,000 after acquiring an additional 9,200 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Rexford Industrial Realty in the third quarter valued at approximately $10,925,000. JPMorgan Chase & Co. grew its stake in shares of 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 in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth $291,000. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Down 1.9 %

Shares of NYSE:REXR traded down $0.64 during mid-day trading on Friday, hitting $33.12. 1,486,754 shares of the company traded hands, compared to its average volume of 1,904,081. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. The firm's 50 day simple moving average is $37.58 and its 200 day simple moving average is $40.14. The firm has a market cap of $7.82 billion, a P/E ratio of 27.38, a PEG ratio of 2.62 and a beta of 0.99.

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

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 138.71%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REXR shares. Evercore ISI lowered their target price on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday. Barclays reduced their price objective on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 25th. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Mizuho lowered their price objective 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $44.00.

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.