New Age Alpha Advisors LLC Purchases Shares of 199,735 Rexford Industrial Realty, Inc. (NYSE:REXR)

New Age Alpha Advisors LLC bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 199,735 shares of the real estate investment trust's stock, valued at approximately $7,722,000. New Age Alpha Advisors LLC owned 0.09% of Rexford Industrial Realty as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 280 shares in the last quarter. IHT Wealth Management LLC grew its holdings in Rexford Industrial Realty by 4.8% in the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock worth $325,000 after purchasing an additional 296 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Rexford Industrial Realty by 5.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock valued at $254,000 after purchasing an additional 355 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Rexford Industrial Realty by 13.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after purchasing an additional 371 shares in the last quarter. Finally, M&T Bank Corp boosted its position in shares of Rexford Industrial Realty by 1.5% in the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on REXR. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Scotiabank dropped their price objective on shares of 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. Robert W. Baird reduced their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Barclays cut their price objective on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. cut their price target 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $46.83.

Rexford Industrial Realty Trading Up 0.0 %

Shares of REXR traded up $0.01 during trading on Tuesday, reaching $39.16. 400,625 shares of the company traded hands, compared to its average volume of 1,868,579. The stock has a 50-day simple moving average of $40.36 and a 200-day simple moving average of $42.29. The stock has a market cap of $8.93 billion, a PE ratio of 32.51, a price-to-earnings-growth 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 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 released 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%. On average, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.39%. 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. Rexford Industrial Realty's dividend 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.