Dimensional Fund Advisors LP Sells 54,463 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Dimensional Fund Advisors LP reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,276,097 shares of the real estate investment trust's stock after selling 54,463 shares during the period. Dimensional Fund Advisors LP owned 1.47% of Rexford Industrial Realty worth $126,655,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Paradigm Asset Management Co. LLC bought a new stake in Rexford Industrial Realty during the fourth quarter worth about $1,082,000. Charles Schwab Investment Management Inc. grew its stake in shares of Rexford Industrial Realty by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after buying an additional 93,360 shares during the last quarter. Impax Asset Management Group plc increased its position in Rexford Industrial Realty by 63.6% during the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after buying an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after buying an additional 954,202 shares during the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Rexford Industrial Realty by 760,280.0% in the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock worth $1,470,000 after acquiring an additional 38,014 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on REXR. Barclays dropped their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 25th. Scotiabank reduced their price target on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Evercore ISI lowered their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Robert W. Baird dropped their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $44.00.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $33.09 on Friday. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The company's 50 day moving average is $37.43 and its two-hundred day moving average is $39.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The company had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. As a group, research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.20%. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

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.

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