Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,972,816 shares of the real estate investment trust's stock after selling 30,963 shares during the quarter. Rexford Industrial Realty comprises about 2.4% of NFJ Investment Group LLC's holdings, making the stock its 4th largest position. NFJ Investment Group LLC owned 0.89% of Rexford Industrial Realty worth $76,269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC purchased a new position in Rexford Industrial Realty during the fourth quarter worth about $1,082,000. Charles Schwab Investment Management Inc. increased its stake 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 valued at $107,587,000 after acquiring an additional 93,360 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Rexford Industrial Realty by 63.6% during the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock worth $839,000 after acquiring an additional 8,431 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 worth $226,575,000 after acquiring an additional 954,202 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in Rexford Industrial Realty by 760,280.0% in 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 during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on REXR. JPMorgan Chase & Co. cut their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Mizuho reduced their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird lowered their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective on the stock. Finally, Scotiabank decreased their target price on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. Two equities 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $46.17.

Rexford Industrial Realty Stock Down 0.4 %

Shares of REXR traded down $0.12 during mid-day trading on Friday, reaching $32.58. 4,910,036 shares of the stock traded hands, compared to its average volume of 1,885,025. The stock has a fifty day simple moving average of $38.20 and a 200 day simple moving average of $40.57. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-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. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.28%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

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.