Jane Street Group LLC Decreases Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Jane Street Group LLC lowered its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 56.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,273 shares of the real estate investment trust's stock after selling 109,282 shares during the period. Jane Street Group LLC's holdings in Rexford Industrial Realty were worth $4,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of REXR. UMB Bank n.a. grew its stake in shares of Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 447 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Rexford Industrial Realty during the 2nd quarter worth about $41,000. CWM LLC boosted its position in shares of Rexford Industrial Realty by 73.9% during the 2nd quarter. CWM LLC now owns 1,485 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 631 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Rexford Industrial Realty by 42.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,741 shares of the real estate investment trust's stock valued at $78,000 after acquiring an additional 518 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Rexford Industrial Realty by 111.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust's stock worth $93,000 after acquiring an additional 976 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

REXR stock traded down $1.81 during trading on Wednesday, hitting $38.11. The company had a trading volume of 2,180,832 shares, compared to its average volume of 1,751,681. The firm has a 50-day moving average price of $43.15 and a 200-day moving average price of $46.57. 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 firm has a market cap of $8.48 billion, a PE ratio of 30.98, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. Rexford Industrial Realty, Inc. has a 1-year low of $38.10 and a 1-year high of $57.01.

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

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 4.38%. Rexford Industrial Realty's payout ratio is currently 135.77%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI reiterated an "outperform" rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Bank of America downgraded shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and dropped their target price for the company from $66.00 to $49.00 in a research report on Monday, October 21st. Wells Fargo & Company reduced their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. StockNews.com lowered Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Finally, Scotiabank cut Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $51.09.

Rexford Industrial Realty 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.