Barclays PLC Sells 47,343 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Barclays PLC reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 22.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,196 shares of the real estate investment trust's stock after selling 47,343 shares during the quarter. Barclays PLC owned 0.08% of Rexford Industrial Realty worth $8,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rexford Industrial Realty by 338.0% in 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 acquiring an additional 1,489,876 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Rexford Industrial Realty by 41.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,175,465 shares of the real estate investment trust's stock worth $141,594,000 after buying an additional 938,177 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Rexford Industrial Realty by 38.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,907,560 shares of the real estate investment trust's stock worth $129,648,000 after buying an additional 800,137 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Rexford Industrial Realty by 52.5% in the second quarter. Daiwa Securities Group Inc. now owns 1,210,795 shares of the real estate investment trust's stock valued at $53,990,000 after acquiring an additional 417,037 shares during the last quarter. Finally, Brookfield Corp ON bought a new stake in Rexford Industrial Realty during the third quarter worth about $13,838,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of REXR traded down $1.81 during mid-day trading on Wednesday, hitting $38.11. 2,180,832 shares of the company's stock were exchanged, compared to its average volume of 1,751,681. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. Rexford Industrial Realty, Inc. has a 52 week low of $38.10 and a 52 week high of $57.01. The stock's 50-day simple moving average is $43.15 and its 200-day simple moving average is $46.57. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). The company had revenue of $241.84 million for the quarter, compared to the consensus estimate of $235.81 million. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. Rexford Industrial Realty's revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business earned $0.56 EPS. On average, equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a yield of 4.38%. Rexford Industrial Realty's dividend payout ratio is 135.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on REXR. Wells Fargo & Company dropped their price objective on Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 28th. Bank of America lowered shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $66.00 to $49.00 in a research note on Monday, October 21st. Evercore ISI reiterated an "outperform" rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a research note on Friday, October 18th. Finally, Scotiabank downgraded Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the stock from $55.00 to $48.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $51.09.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.