Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,595,527 shares of the real estate investment trust's stock after selling 3,349,696 shares during the quarter. Invesco Ltd. owned approximately 1.17% of Rexford Industrial Realty worth $100,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position 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 buying an additional 280 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Rexford Industrial Realty by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock valued at $254,000 after acquiring an additional 355 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 371 shares in the last quarter. M&T Bank Corp raised its position in shares of Rexford Industrial Realty by 1.5% in the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 442 shares during the last quarter. Finally, Isthmus Partners LLC boosted its stake in Rexford Industrial Realty by 7.3% in the 4th quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust's stock worth $266,000 after purchasing an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Scotiabank reduced their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Mizuho dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Barclays cut their target price on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $46.17.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock traded down $0.12 during mid-day trading on Friday, reaching $32.58. 4,910,036 shares of the stock traded hands, compared to its average volume of 1,895,678. The stock has a market capitalization of $7.69 billion, a PE ratio of 26.92, a PEG ratio of 2.62 and a beta of 0.99. The business has a 50-day moving average of $38.37 and a 200 day moving average of $40.69. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating 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 the consensus estimate of $246.74 million. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.28%. Rexford Industrial Realty's payout ratio is presently 138.71%.

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.