Rexford Industrial Realty, Inc. (NYSE:REXR) Stock Position Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,136 shares of the real estate investment trust's stock after acquiring an additional 142,399 shares during the quarter. Hsbc Holdings PLC owned about 0.32% of Rexford Industrial Realty worth $27,551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Rexford Industrial Realty in the 4th quarter valued at $33,000. UMB Bank n.a. raised its stake in 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. Whittier Trust Co. of Nevada Inc. lifted its position in Rexford Industrial Realty by 515.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Rexford Industrial Realty in the 4th quarter valued at approximately $65,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 2,709 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 0.0 %

Shares of REXR traded down $0.01 during trading hours on Tuesday, hitting $33.37. The stock had a trading volume of 1,916,313 shares, compared to its average volume of 1,907,823. The company's fifty day simple moving average is $37.27 and its 200 day simple moving average is $39.85. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.61. 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 firm has a market cap of $7.90 billion, a P/E ratio of 27.58, a P/E/G ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The firm had revenue of $248.82 million for the quarter, compared to analysts' expectations of $246.74 million. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently announced 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 is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.15%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Analysts Set New Price Targets

REXR has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Evercore ISI dropped their target price 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. Mizuho decreased their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. 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. Finally, Robert W. Baird cut their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $44.00.

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.