Centersquare Investment Management LLC Boosts Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Centersquare Investment Management LLC lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 32.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,492,166 shares of the real estate investment trust's stock after purchasing an additional 1,097,349 shares during the quarter. Rexford Industrial Realty accounts for 1.8% of Centersquare Investment Management LLC's holdings, making the stock its 22nd largest position. Centersquare Investment Management LLC owned 2.02% of Rexford Industrial Realty worth $173,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in Rexford Industrial Realty in the fourth quarter valued at approximately $33,000. UMB Bank n.a. raised its holdings in shares of 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 worth $39,000 after buying an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 worth $58,000 after buying an additional 1,248 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,709 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 371 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 1.9 %

NYSE:REXR traded down $0.60 on Wednesday, hitting $30.97. The stock had a trading volume of 1,545,062 shares, compared to its average volume of 2,282,260. 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, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The business's fifty day moving average is $39.58 and its 200 day moving average is $41.56. The company has a market cap of $7.06 billion, a PE ratio of 25.60, a P/E/G ratio of 2.62 and a beta of 0.99.

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 EPS 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, equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced 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 of this dividend is Monday, March 31st. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 5.55%. Rexford Industrial Realty's dividend payout ratio is currently 142.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on REXR shares. Scotiabank reduced their price target 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. Barclays cut their target price on shares of 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. Robert W. Baird lowered 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 report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price objective on 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, 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 target price for the company. Two equities 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.17.

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.