Capital Group Private Client Services Inc. Has $4.49 Million Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Capital Group Private Client Services Inc. decreased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 42.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,082 shares of the real estate investment trust's stock after selling 86,492 shares during the quarter. Capital Group Private Client Services Inc. owned 0.05% of Rexford Industrial Realty worth $4,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REXR. CANADA LIFE ASSURANCE Co increased its holdings in shares of Rexford Industrial Realty by 5.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 444,523 shares of the real estate investment trust's stock worth $17,176,000 after acquiring an additional 21,808 shares in the last quarter. Long Pond Capital LP bought a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $58,595,000. Barclays PLC raised its holdings in Rexford Industrial Realty by 68.0% during the 4th quarter. Barclays PLC now owns 280,952 shares of the real estate investment trust's stock worth $10,861,000 after buying an additional 113,756 shares during the period. Synovus Financial Corp bought a new position in Rexford Industrial Realty in the fourth quarter valued at approximately $308,000. Finally, Grandeur Peak Global Advisors LLC boosted its holdings in shares of Rexford Industrial Realty by 18.8% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 112,596 shares of the real estate investment trust's stock valued at $4,353,000 after buying an additional 17,825 shares during the period. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

REXR has been the topic of several recent research reports. Mizuho dropped their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price on the stock. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research report on Tuesday, March 25th. Barclays lowered their price objective on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, March 25th. Finally, Scotiabank reduced their target price on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $44.00.

Rexford Industrial Realty Stock Performance

Shares of REXR traded up $0.40 during mid-day trading on Thursday, reaching $33.47. The company's stock had a trading volume of 841,985 shares, compared to its average volume of 1,896,428. 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 has a market cap of $7.90 billion, a P/E ratio of 27.66, a PEG 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 business has a 50-day simple moving average of $37.72 and a two-hundred day simple moving average of $40.23.

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

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is presently 138.71%.

About Rexford Industrial Realty

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.