Intech Investment Management LLC Has $964,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Intech Investment Management LLC boosted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 160.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,161 shares of the real estate investment trust's stock after purchasing an additional 11,800 shares during the period. Intech Investment Management LLC's holdings in Rexford Industrial Realty were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REXR. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Rexford Industrial Realty by 9.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 350,199 shares of the real estate investment trust's stock worth $17,619,000 after acquiring an additional 31,307 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Rexford Industrial Realty by 49.5% in the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust's stock worth $147,000 after purchasing an additional 965 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Rexford Industrial Realty in the third quarter valued at about $2,225,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Rexford Industrial Realty in the third quarter valued at about $3,376,000. Finally, Napa Wealth Management raised its stake in Rexford Industrial Realty by 15.4% during the third quarter. Napa Wealth Management now owns 6,225 shares of the real estate investment trust's stock valued at $313,000 after buying an additional 831 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Insider Buying and Selling

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

Rexford Industrial Realty Price Performance

Shares of REXR traded up $0.20 during mid-day trading on Thursday, hitting $42.55. The company's stock had a trading volume of 1,110,020 shares, compared to its average volume of 1,732,361. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50-day moving average price of $45.64 and a 200 day moving average price of $46.94. Rexford Industrial Realty, Inc. has a fifty-two week low of $41.16 and a fifty-two week high of $58.02. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 34.58, a PEG ratio of 2.03 and a beta of 0.94.

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

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.4175 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 3.92%. Rexford Industrial Realty's dividend payout ratio is currently 135.77%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Scotiabank downgraded Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and lowered their price target for the company from $55.00 to $48.00 in a report on Friday, October 25th. Evercore ISI reaffirmed an "outperform" rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a report on Friday, October 18th. StockNews.com downgraded shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research report on Monday, October 21st. Finally, Bank of America downgraded shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $66.00 to $49.00 in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $51.09.

About Rexford Industrial Realty

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.