Meixler Investment Management Ltd. Invests $437,000 in Rexford Industrial Realty, Inc. (NYSE:REXR)

Meixler Investment Management Ltd. purchased a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,315 shares of the real estate investment trust's stock, valued at approximately $437,000.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. Rhumbline Advisers increased its holdings in Rexford Industrial Realty by 3.2% in the 4th quarter. Rhumbline Advisers now owns 679,817 shares of the real estate investment trust's stock worth $26,282,000 after buying an additional 21,093 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Rexford Industrial Realty by 1.7% during the 4th quarter. New York State Teachers Retirement System now owns 213,493 shares of the real estate investment trust's stock valued at $8,254,000 after acquiring an additional 3,559 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Rexford Industrial Realty by 0.7% in the fourth quarter. Van ECK Associates Corp now owns 101,386 shares of the real estate investment trust's stock worth $3,919,000 after acquiring an additional 664 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Rexford Industrial Realty by 1.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 61,600 shares of the real estate investment trust's stock valued at $2,381,000 after purchasing an additional 900 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Rexford Industrial Realty by 7.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 42,845 shares of the real estate investment trust's stock valued at $1,656,000 after purchasing an additional 3,146 shares during the period. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

Shares of REXR stock traded up $0.03 on Wednesday, hitting $41.02. 877,014 shares of the stock traded hands, compared to its average volume of 2,088,404. 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 52 week low of $36.92 and a 52 week high of $53.88. The firm has a 50 day simple moving average of $39.58 and a two-hundred day simple moving average of $44.41. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 33.88, a PEG ratio of 2.60 and a beta of 0.95.

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

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.02%.

Analyst Ratings Changes

A number of equities research analysts have commented on REXR shares. Barclays cut their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Scotiabank cut Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, Mizuho reduced their price target 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. Two research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $48.75.

Rexford Industrial Realty Company 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.