KLP Kapitalforvaltning AS Purchases Shares of 44,000 Rexford Industrial Realty, Inc. (NYSE:REXR)

KLP Kapitalforvaltning AS purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 44,000 shares of the real estate investment trust's stock, valued at approximately $1,717,000.

A number of other large investors have also added to or reduced their stakes in REXR. Paradigm Asset Management Co. LLC acquired a new position in Rexford Industrial Realty in the fourth quarter valued at about $1,082,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rexford Industrial Realty by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after acquiring an additional 93,360 shares during the period. Impax Asset Management Group plc increased its stake in Rexford Industrial Realty by 63.6% in the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after acquiring an additional 8,431 shares during the last quarter. JPMorgan Chase & Co. increased its stake 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 during the last quarter. Finally, Rothschild Investment LLC raised its position in Rexford Industrial Realty by 760,280.0% during the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock valued at $1,470,000 after purchasing an additional 38,014 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

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Rexford Industrial Realty Trading Down 0.9 %

REXR traded down $0.36 during trading on Tuesday, hitting $38.80. The company's stock had a trading volume of 559,722 shares, compared to its average volume of 1,869,194. The firm has a market capitalization of $8.84 billion, a P/E ratio of 32.05, a PEG ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. The stock's fifty day moving average price is $40.36 and its 200-day moving average price is $42.29. 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 issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) 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%. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS 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. Investors of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.43%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's payout ratio is presently 142.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started 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. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Barclays dropped their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. reduced their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of "Hold" and an average price target of $46.83.

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.