Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 147,543 shares of the real estate investment trust's stock after buying an additional 6,553 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Rexford Industrial Realty worth $5,757,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Rexford Industrial Realty by 338.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust's stock valued at $97,134,000 after buying an additional 1,489,876 shares during the period. JPMorgan Chase & Co. increased its position in Rexford Industrial Realty by 26.9% during 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. Vanguard Group Inc. lifted its holdings in Rexford Industrial Realty by 1.9% in the fourth 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 acquiring an additional 562,710 shares during the period. OFI Invest Asset Management purchased a new position in Rexford Industrial Realty in the fourth quarter worth about $13,959,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at about $14,416,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

REXR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective on the stock. Robert W. Baird decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Scotiabank lowered their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $46.83.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock traded down $1.18 during trading hours on Friday, hitting $34.69. The company's stock had a trading volume of 4,601,742 shares, compared to its average volume of 1,885,870. The company has a market cap of $7.91 billion, a PE ratio of 28.67, a PEG ratio of 2.62 and a beta of 0.99. 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 business has a 50 day moving average price of $40.11 and a two-hundred day moving average price of $41.97. Rexford Industrial Realty, Inc. has a 12-month low of $33.80 and a 12-month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.43 dividend. This is an increase 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 4.96%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty's payout ratio 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.