Impax Asset Management Group plc Grows Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Impax Asset Management Group plc lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,691 shares of the real estate investment trust's stock after buying an additional 8,431 shares during the quarter. Impax Asset Management Group plc's holdings in Rexford Industrial Realty were worth $839,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of REXR. JPMorgan Chase & Co. lifted its stake in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after purchasing an additional 954,202 shares in the last quarter. Geode Capital Management LLC lifted its stake in Rexford Industrial Realty by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust's stock worth $205,014,000 after purchasing an additional 74,865 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Rexford Industrial Realty by 14.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust's stock worth $167,996,000 after purchasing an additional 431,659 shares in the last quarter. Wellington Management Group LLP lifted its stake in Rexford Industrial Realty by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,265,637 shares of the real estate investment trust's stock worth $113,984,000 after purchasing an additional 42,450 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rexford Industrial Realty by 338.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust's stock worth $97,134,000 after purchasing an additional 1,489,876 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

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Rexford Industrial Realty Stock Up 1.4 %

NYSE REXR traded up $0.59 during trading hours on Friday, reaching $41.38. 2,845,729 shares of the company's stock traded hands, compared to its average volume of 2,010,416. Rexford Industrial Realty, Inc. has a 52-week low of $36.92 and a 52-week high of $53.88. The firm has a market cap of $9.43 billion, a PE ratio of 34.19, a PEG ratio of 2.62 and a beta of 0.95. The firm has a 50-day simple moving average of $39.77 and a 200 day simple moving average of $43.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.43 dividend. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is presently 142.15%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on REXR. Mizuho lowered their target price on shares of 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. JPMorgan Chase & Co. lowered their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Barclays lowered their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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. Finally, Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.67.

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.