Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,640 shares of the real estate investment trust's stock after buying an additional 34,635 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of Rexford Industrial Realty worth $4,664,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in REXR. UMB Bank n.a. grew 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 valued at $39,000 after purchasing an additional 280 shares during the last quarter. Quarry LP increased its holdings in shares of Rexford Industrial Realty by 239.6% in the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock worth $133,000 after buying an additional 1,869 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 2,709 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Rexford Industrial Realty by 49.5% during the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 965 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Rexford Industrial Realty by 13.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 371 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank decreased their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Mizuho dropped their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. 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 research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and an average target price of $46.83.

Rexford Industrial Realty Stock Performance

NYSE:REXR traded up $0.02 during mid-day trading on Thursday, reaching $39.92. The company's stock had a trading volume of 1,584,165 shares, compared to its average volume of 1,841,727. 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 $9.10 billion, a P/E ratio of 33.00, a PEG ratio of 2.62 and a beta of 0.98. The firm's fifty day moving average price is $40.35 and its two-hundred day moving average price is $42.57. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating 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 analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.31%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is 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.