Boston Partners Purchases 221,478 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Boston Partners grew its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,160,272 shares of the real estate investment trust's stock after buying an additional 221,478 shares during the quarter. Boston Partners owned 1.42% of Rexford Industrial Realty worth $122,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of Rexford Industrial Realty by 44.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 390,126 shares of the real estate investment trust's stock worth $15,082,000 after buying an additional 119,962 shares in the last quarter. William Blair Investment Management LLC lifted its position in shares of Rexford Industrial Realty by 0.4% during the 4th quarter. William Blair Investment Management LLC now owns 692,561 shares of the real estate investment trust's stock worth $26,774,000 after buying an additional 2,452 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of Rexford Industrial Realty by 11.6% during the 4th quarter. Cibc World Markets Corp now owns 64,604 shares of the real estate investment trust's stock worth $2,498,000 after buying an additional 6,713 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its position in shares of Rexford Industrial Realty by 14.7% during the 4th quarter. Arbor Capital Management Inc. ADV now owns 11,615 shares of the real estate investment trust's stock worth $470,000 after buying an additional 1,487 shares in the last quarter. Finally, Hilton Capital Management LLC lifted its position in shares of Rexford Industrial Realty by 4.6% during the 4th quarter. Hilton Capital Management LLC now owns 22,966 shares of the real estate investment trust's stock worth $888,000 after buying an additional 1,001 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several research firms have commented on REXR. Robert W. Baird dropped their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Mizuho lowered their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Barclays lowered their price target on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Scotiabank lowered their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. 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 company's stock. According to MarketBeat.com, Rexford Industrial Realty has an average rating of "Hold" and a consensus price target of $48.50.

Rexford Industrial Realty Stock Performance

REXR stock traded down $1.36 during midday trading on Friday, reaching $39.00. 7,366,499 shares of the company's stock traded hands, compared to its average volume of 1,862,042. The firm has a market capitalization of $8.89 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a 52 week low of $36.92 and a 52 week high of $52.61. The company has a 50-day moving average price of $40.27 and a two-hundred day moving average price of $42.78. 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 (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. As a group, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.41%. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio is presently 142.15%.

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.