Guggenheim Capital LLC Trims Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Guggenheim Capital LLC lessened its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 86.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,434 shares of the real estate investment trust's stock after selling 66,611 shares during the period. Guggenheim Capital LLC's holdings in Rexford Industrial Realty were worth $403,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Paradigm Asset Management Co. LLC bought a new stake in Rexford Industrial Realty during the 4th quarter valued at $1,082,000. Charles Schwab Investment Management Inc. lifted its stake in Rexford Industrial Realty by 3.5% in the fourth 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 acquiring an additional 93,360 shares during the period. Impax Asset Management Group plc grew its holdings 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 worth $839,000 after acquiring an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. increased its position 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 valued at $226,575,000 after purchasing an additional 954,202 shares during the period. Finally, Rothschild Investment LLC raised its holdings in shares of Rexford Industrial Realty by 760,280.0% in the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after purchasing an additional 38,014 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $33.09 on Friday. The stock's fifty day moving average price is $37.43 and its 200 day moving average price is $39.99. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The company 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 (NYSE:REXR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The firm had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. As a group, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid 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 dividend yield of 5.20%. Rexford Industrial Realty's payout ratio is currently 138.71%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective on the stock. Barclays reduced 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. Evercore ISI dropped 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. Scotiabank reduced their target price on shares of 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. Finally, Mizuho lowered their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $44.00.

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.

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