Charles Schwab Investment Management Inc. Purchases 93,360 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Charles Schwab Investment Management Inc. lifted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,782,904 shares of the real estate investment trust's stock after buying an additional 93,360 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.25% of Rexford Industrial Realty worth $107,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in REXR. Paradigm Asset Management Co. LLC acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at approximately $1,082,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Rexford Industrial Realty in the third quarter valued at $3,376,000. Impax Asset Management Group plc grew its holdings in shares of Rexford Industrial Realty by 63.6% during the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock worth $839,000 after buying an additional 8,431 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Rexford Industrial Realty by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after acquiring an additional 954,202 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in shares of Rexford Industrial Realty by 760,280.0% in the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after buying an additional 38,014 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Truist Financial dropped their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Scotiabank lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Robert W. Baird lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price target for the company. Finally, Mizuho decreased their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $48.50.

Rexford Industrial Realty Trading Down 1.1 %

Rexford Industrial Realty stock traded down $0.45 during midday trading on Monday, reaching $40.00. The stock had a trading volume of 1,238,957 shares, compared to its average volume of 1,809,553. The firm's fifty day simple moving average is $39.98 and its two-hundred day simple moving average is $43.52. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $53.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $9.12 billion, a price-to-earnings ratio of 32.98, a PEG ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm 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 dividend of $0.43 per share. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.30%. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 142.15%.

Rexford Industrial Realty Company 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.