Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,144,754 shares of the real estate investment trust's stock after acquiring an additional 70,710 shares during the period. Geode Capital Management LLC owned 1.86% of Rexford Industrial Realty worth $160,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. boosted its position 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 acquiring an additional 280 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Rexford Industrial Realty by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock worth $325,000 after buying an additional 296 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Rexford Industrial Realty by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock worth $254,000 after buying an additional 355 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 371 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in shares of Rexford Industrial Realty by 1.5% in the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock valued at $1,470,000 after acquiring an additional 442 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on REXR. Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective on the stock. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a report on Tuesday, March 25th. Scotiabank dropped their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced 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 note on Thursday, February 13th. Finally, Mizuho lowered their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Rexford Industrial Realty presently has a consensus rating of "Hold" and a consensus target price of $46.17.

Rexford Industrial Realty Stock Up 1.6 %

REXR stock traded up $0.50 during trading on Friday, reaching $32.44. 3,730,293 shares of the company traded hands, compared to its average volume of 1,920,856. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. 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 business has a 50 day simple moving average of $38.98 and a 200 day simple moving average of $41.11. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61.

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 (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%. On average, equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.30%. 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.