13,260 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,260 shares of the real estate investment trust's stock, valued at approximately $667,000.

Several other large investors also recently bought and sold shares of the business. Metis Global Partners LLC boosted its holdings in shares of Rexford Industrial Realty by 30.7% during the 3rd quarter. Metis Global Partners LLC now owns 22,547 shares of the real estate investment trust's stock worth $1,134,000 after purchasing an additional 5,295 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Rexford Industrial Realty by 22.0% during the third quarter. Oppenheimer Asset Management Inc. now owns 32,012 shares of the real estate investment trust's stock worth $1,611,000 after buying an additional 5,778 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Rexford Industrial Realty during the third quarter worth $1,328,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth $3,034,000. Finally, Versor Investments LP increased its stake in shares of Rexford Industrial Realty by 111.4% in the 3rd quarter. Versor Investments LP now owns 14,800 shares of the real estate investment trust's stock worth $745,000 after acquiring an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on REXR shares. Evercore ISI reissued an "outperform" rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Mizuho cut their price target on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating for the company in a report on Thursday, September 5th. StockNews.com cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised their target price on Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Finally, Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $51.09.

Insider Activity at Rexford Industrial Realty

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by company insiders.

Rexford Industrial Realty Trading Up 0.6 %

NYSE REXR traded up $0.27 during trading on Friday, hitting $42.01. The stock had a trading volume of 1,590,969 shares, compared to its average volume of 2,058,740. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $9.34 billion, a PE ratio of 34.15, a PEG ratio of 2.01 and a beta of 0.94. The firm has a 50 day moving average price of $46.92 and a 200 day moving average price of $47.05. Rexford Industrial Realty, Inc. has a twelve month low of $41.16 and a twelve month high of $58.02.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.28). The business had revenue of $241.84 million during the quarter, compared to analysts' expectations of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.56 EPS. As a group, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty's payout ratio is currently 135.77%.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.