Grandeur Peak Global Advisors LLC Buys 17,825 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Grandeur Peak Global Advisors LLC grew its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,596 shares of the real estate investment trust's stock after acquiring an additional 17,825 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.05% of Rexford Industrial Realty worth $4,353,000 at the end of the most recent quarter.

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

Rexford Industrial Realty Price Performance

NYSE REXR traded up $0.05 on Thursday, reaching $32.75. The company had a trading volume of 2,594,850 shares, compared to its average volume of 1,923,206. The stock has a market capitalization of $7.47 billion, a PE ratio of 27.03, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. The firm's 50 day moving average price is $38.52 and its 200 day moving average price is $40.81. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. 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 released its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.43 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 5.25%. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 142.15%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports 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 research note on Tuesday, March 25th. Scotiabank dropped their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Mizuho dropped 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. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Finally, Robert W. Baird cut their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $46.17.

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.