Nomura Asset Management Co. Ltd. Raises Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Nomura Asset Management Co. Ltd. boosted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 299,041 shares of the real estate investment trust's stock after buying an additional 16,640 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Rexford Industrial Realty worth $11,561,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in 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 lifted its position in shares of Rexford Industrial Realty by 4.8% during 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 in the last quarter. CIBC Asset Management Inc lifted its position in shares of Rexford Industrial Realty by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock worth $254,000 after purchasing an additional 355 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after purchasing an additional 371 shares during the period. Finally, M&T Bank Corp grew its holdings in shares of Rexford Industrial Realty by 1.5% in the third quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock valued at $1,470,000 after purchasing an additional 442 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Rexford Industrial Realty Stock Up 0.7 %

Shares of Rexford Industrial Realty stock traded up $0.27 during trading hours on Wednesday, hitting $39.41. The company had a trading volume of 1,179,817 shares, compared to its average volume of 1,868,408. The company's 50-day moving average is $40.33 and its two-hundred day moving average is $42.21. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $8.98 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 3.26% and a net margin of 29.10%. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.43 per share. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 4.36%. Rexford Industrial Realty's payout ratio is 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.