Cbre Investment Management Listed Real Assets LLC Sells 370,288 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Cbre Investment Management Listed Real Assets LLC decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,367,620 shares of the real estate investment trust's stock after selling 370,288 shares during the period. Rexford Industrial Realty makes up 2.3% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 11th largest position. Cbre Investment Management Listed Real Assets LLC owned approximately 1.51% of Rexford Industrial Realty worth $130,192,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in Rexford Industrial Realty by 4,835.8% in the 3rd quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 2,563 shares during the period. abrdn plc boosted its stake in shares of Rexford Industrial Realty by 9.2% during the 3rd quarter. abrdn plc now owns 42,834 shares of the real estate investment trust's stock worth $2,155,000 after buying an additional 3,602 shares during the last quarter. First Trust Direct Indexing L.P. acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth about $228,000. US Bancorp DE boosted its stake in shares of Rexford Industrial Realty by 13.8% during the 3rd quarter. US Bancorp DE now owns 5,402 shares of the real estate investment trust's stock worth $272,000 after buying an additional 653 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Rexford Industrial Realty by 15.8% during the 3rd quarter. Van ECK Associates Corp now owns 100,722 shares of the real estate investment trust's stock worth $5,067,000 after buying an additional 13,709 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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Analyst Ratings Changes

REXR has been the topic of a number of research analyst reports. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. dropped their target price 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. Scotiabank dropped their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $48.50.

Rexford Industrial Realty Stock Performance

Shares of REXR traded down $0.27 during mid-day trading on Friday, hitting $40.47. 2,364,480 shares of the company's stock were exchanged, compared to its average volume of 2,008,309. Rexford Industrial Realty, Inc. has a 52 week low of $36.92 and a 52 week high of $53.88. The stock's 50-day simple moving average is $39.98 and its 200-day simple moving average is $43.63. The firm has a market cap of $9.23 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS 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%. On average, equities research analysts expect 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. Investors of record on Monday, March 31st will be given a dividend of $0.43 per share. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.25%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 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.