372,886 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 372,886 shares of the real estate investment trust's stock, valued at approximately $14,416,000. Diamond Hill Capital Management Inc. owned approximately 0.17% of Rexford Industrial Realty at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. UMB Bank n.a. grew its position in shares of Rexford Industrial Realty by 38.9% in the fourth 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. Archer Investment Corp grew its position in Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust's stock worth $106,000 after buying an additional 800 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after buying an additional 2,709 shares in the last quarter. Exchange Traded Concepts LLC grew its position in Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after buying an additional 371 shares in the last quarter. Finally, Quarry LP grew its position in Rexford Industrial Realty by 239.6% during 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 in the last quarter. 99.52% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on REXR. Mizuho decreased their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective on the stock. Robert W. Baird decreased their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Scotiabank cut their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. cut 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 research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $48.50.

Rexford Industrial Realty Trading Up 0.7 %

REXR traded up $0.29 during trading on Tuesday, reaching $40.67. 409,098 shares of the company's stock were exchanged, compared to its average volume of 1,831,881. The company's fifty day moving average price is $40.09 and its 200-day moving average price is $43.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61. The firm has a market capitalization of $9.27 billion, a PE ratio of 33.62, a P/E/G 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 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%. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.43 dividend. The ex-dividend date 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 dividend on an annualized basis and a yield of 4.23%. Rexford Industrial Realty's dividend payout ratio is presently 142.15%.

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.