Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC increased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 219,272 shares of the real estate investment trust's stock after buying an additional 16,972 shares during the quarter. Boothbay Fund Management LLC owned about 0.10% of Rexford Industrial Realty worth $8,477,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of REXR. Quantbot Technologies LP acquired a new stake in Rexford Industrial Realty in the fourth quarter valued at approximately $33,000. UMB Bank n.a. grew its holdings in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Rexford Industrial Realty by 515.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Rexford Industrial Realty during the 4th quarter worth $65,000. Finally, SRS Capital Advisors Inc. lifted its holdings in Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after buying an additional 2,709 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

REXR stock traded up $0.30 on Monday, reaching $33.38. The company's stock had a trading volume of 2,210,637 shares, compared to its average volume of 1,907,789. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $7.90 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. The firm has a fifty day moving average of $37.27 and a two-hundred day moving average of $39.85.

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

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.15%. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on REXR shares. Barclays dropped their target price 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. JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday. Robert W. Baird decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Scotiabank reduced their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Finally, Evercore ISI dropped their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Two 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $44.00.

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.