Kennedy Capital Management LLC Has $9.83 Million Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Kennedy Capital Management LLC lowered its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 27.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,372 shares of the real estate investment trust's stock after selling 94,528 shares during the period. Kennedy Capital Management LLC owned approximately 0.11% of Rexford Industrial Realty worth $9,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock valued at $1,157,170,000 after purchasing an additional 562,710 shares during the last quarter. JPMorgan Chase & Co. grew its position in Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after acquiring an additional 954,202 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Rexford Industrial Realty by 32.3% in the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after buying an additional 1,097,349 shares during the last quarter. Geode Capital Management LLC increased its holdings in Rexford Industrial Realty by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock worth $160,282,000 after purchasing an additional 70,710 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Rexford Industrial Realty by 0.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock valued at $130,180,000 after acquiring an additional 28,079 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on REXR. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target on the stock. Robert W. Baird decreased their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Barclays cut their price objective on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 25th. Mizuho decreased their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, Scotiabank reduced their price target on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus target price of $46.17.

Rexford Industrial Realty Trading Down 0.9 %

REXR traded down $0.30 during trading on Tuesday, reaching $32.53. 2,875,088 shares of the company's stock were exchanged, compared to its average volume of 1,926,766. The company's fifty day moving average price is $38.82 and its 200-day moving average price is $40.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $7.41 billion, a PE ratio of 26.88, a P/E/G ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 5.29%. Rexford Industrial Realty's dividend payout ratio is 142.15%.

About Rexford Industrial Realty

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.