California Public Employees Retirement System Has $13.19 Million Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

California Public Employees Retirement System trimmed its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 341,192 shares of the real estate investment trust's stock after selling 25,323 shares during the quarter. California Public Employees Retirement System owned 0.15% of Rexford Industrial Realty worth $13,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in REXR. Norges Bank purchased a new stake in Rexford Industrial Realty during the 4th quarter valued at about $104,685,000. JPMorgan Chase & Co. lifted its holdings in shares of Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after buying an additional 954,202 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of Rexford Industrial Realty by 40.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,910,765 shares of the real estate investment trust's stock valued at $112,530,000 after buying an additional 837,630 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock valued at $1,157,170,000 after buying an additional 562,710 shares during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at about $13,959,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 6.0 %

Rexford Industrial Realty stock traded down $2.05 during mid-day trading on Thursday, hitting $31.91. The company's stock had a trading volume of 471,499 shares, compared to its average volume of 1,910,832. The firm has a market capitalization of $7.28 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock's fifty day moving average is $39.31 and its two-hundred day moving average is $41.39.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 3.26% and a net margin of 29.10%. On average, 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. Shareholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.39%. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is 142.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a report on Tuesday, March 25th. Barclays reduced their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target for the company. Scotiabank reduced their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday. Finally, Mizuho reduced their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $46.17.

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.