Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by First Foundation Advisors

First Foundation Advisors lessened its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 15.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 192,349 shares of the real estate investment trust's stock after selling 33,951 shares during the quarter. First Foundation Advisors owned about 0.09% of Rexford Industrial Realty worth $7,436,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in REXR. Quantbot Technologies LP purchased a new position in shares of Rexford Industrial Realty in the 4th quarter valued at approximately $33,000. UMB Bank n.a. lifted its holdings in shares of Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Rexford Industrial Realty by 515.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in Rexford Industrial Realty in the 4th quarter valued at $65,000. Finally, SRS Capital Advisors Inc. raised its position in Rexford Industrial Realty by 4,104.5% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a report on Tuesday, March 25th. 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 target price on the stock. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research note on Tuesday, March 25th. 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. Finally, Scotiabank reduced their target price on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $46.17.

Rexford Industrial Realty Price Performance

NYSE REXR traded down $0.14 during trading hours on Tuesday, reaching $32.68. The company's stock had a trading volume of 1,401,197 shares, compared to its average volume of 2,356,062. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The company's 50-day moving average is $38.82 and its two-hundred day moving average is $40.92. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The stock has a market cap of $7.45 billion, a PE ratio of 27.01, a PEG ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share 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%. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 5.26%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) 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.