Rexford Industrial Realty, Inc. (NYSE:REXR) Holdings Lifted by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 350,199 shares of the real estate investment trust's stock after purchasing an additional 31,307 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.16% of Rexford Industrial Realty worth $17,619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&G Plc raised its stake in shares of Rexford Industrial Realty by 12.2% during the 2nd quarter. M&G Plc now owns 754,952 shares of the real estate investment trust's stock worth $33,973,000 after buying an additional 82,078 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Rexford Industrial Realty during the 1st quarter worth $1,671,000. DekaBank Deutsche Girozentrale raised its stake in shares of Rexford Industrial Realty by 23.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 62,445 shares of the real estate investment trust's stock worth $3,089,000 after buying an additional 12,006 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Rexford Industrial Realty by 61.4% during the 2nd quarter. SG Americas Securities LLC now owns 50,822 shares of the real estate investment trust's stock worth $2,266,000 after buying an additional 19,340 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Rexford Industrial Realty by 15.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust's stock worth $23,730,000 after buying an additional 64,264 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Transactions at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on REXR. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research note on Friday, October 18th. StockNews.com cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Bank of America cut Rexford Industrial Realty from a "buy" rating to a "neutral" rating and lowered their price target for the company from $66.00 to $49.00 in a report on Monday, October 21st. Wells Fargo & Company decreased their target price on Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating for the company in a report on Wednesday, August 28th. Finally, Truist Financial decreased their target price on Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $51.09.

Rexford Industrial Realty Stock Performance

Shares of REXR stock traded up $0.11 on Friday, hitting $42.08. 2,239,493 shares of the stock traded hands, compared to its average volume of 1,813,651. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $9.36 billion, a PE ratio of 34.21, a PEG ratio of 1.99 and a beta of 0.94. Rexford Industrial Realty, Inc. has a 1-year low of $41.16 and a 1-year high of $58.02. The company's fifty day moving average is $46.16 and its 200 day moving average is $46.98.

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

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.4175 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.97%. Rexford Industrial Realty's payout ratio is 135.77%.

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.