JPMorgan Chase & Co. Sells 1,242,879 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

JPMorgan Chase & Co. decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 27.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,260,692 shares of the real estate investment trust's stock after selling 1,242,879 shares during the quarter. JPMorgan Chase & Co. owned about 1.47% of Rexford Industrial Realty worth $126,058,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Rexford Industrial Realty by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock worth $1,157,170,000 after buying an additional 562,710 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Rexford Industrial Realty by 1.9% during 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 acquiring an additional 74,865 shares in the last quarter. PGGM Investments increased its stake in Rexford Industrial Realty by 11.7% in the fourth quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust's stock valued at $127,686,000 after acquiring an additional 344,972 shares during the last quarter. Boston Partners raised its position in Rexford Industrial Realty by 7.5% during the fourth quarter. Boston Partners now owns 3,160,272 shares of the real estate investment trust's stock valued at $122,184,000 after purchasing an additional 221,478 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Rexford Industrial Realty by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock valued at $107,587,000 after purchasing an additional 93,360 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on REXR shares. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Scotiabank decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. 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. Finally, Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty 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 stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $46.83.

Rexford Industrial Realty Trading Down 3.3 %

Shares of Rexford Industrial Realty stock traded down $1.18 during midday trading on Friday, reaching $34.69. The company had a trading volume of 4,601,742 shares, compared to its average volume of 1,885,870. The firm has a market cap of $7.91 billion, a PE ratio of 28.67, a P/E/G ratio of 2.62 and a beta of 0.99. The stock has a fifty day moving average price of $40.11 and a 200 day moving average price of $41.90. 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, Inc. has a fifty-two week low of $33.80 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping 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%. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.96%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 142.15%.

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.