Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 286,254 shares of the real estate investment trust's stock after selling 36,938 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of Rexford Industrial Realty worth $11,067,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Rexford Industrial Realty by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock worth $1,157,170,000 after purchasing an additional 562,710 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 buying an additional 954,202 shares during the last quarter. Centersquare Investment Management LLC increased its position in Rexford Industrial Realty by 32.3% during the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after buying an additional 1,097,349 shares in the last quarter. Geode Capital Management LLC raised its stake in Rexford Industrial Realty by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock valued at $160,282,000 after buying an additional 70,710 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Rexford Industrial Realty by 0.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock worth $130,180,000 after purchasing an additional 28,079 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Trading Up 3.6 %

Shares of NYSE REXR traded up $1.15 during mid-day trading on Wednesday, reaching $33.36. 867,737 shares of the company's stock were exchanged, compared to its average volume of 2,413,970. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. The company's 50-day moving average is $37.86 and its 200-day moving average is $40.28. 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 (NYSE:REXR - Get Free Report) last announced 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. The company had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Evercore ISI lowered their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday. Robert W. Baird lowered their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Mizuho dropped their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, Barclays dropped their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $44.64.

Rexford Industrial Realty 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.