44,029 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Acquired by Graham Capital Wealth Management LLC

Graham Capital Wealth Management LLC acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 44,029 shares of the real estate investment trust's stock, valued at approximately $2,215,000. Rexford Industrial Realty accounts for about 2.3% of Graham Capital Wealth Management LLC's portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REXR. Capital International Investors grew its stake in shares of Rexford Industrial Realty by 687.7% during the 1st quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust's stock worth $985,411,000 after acquiring an additional 17,103,653 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Rexford Industrial Realty by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust's stock valued at $1,002,654,000 after purchasing an additional 4,197,907 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Rexford Industrial Realty by 262.7% during the first quarter. Canada Pension Plan Investment Board now owns 2,237,288 shares of the real estate investment trust's stock worth $112,536,000 after purchasing an additional 1,620,378 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Rexford Industrial Realty by 38.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,907,560 shares of the real estate investment trust's stock worth $129,648,000 after purchasing an additional 800,137 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Rexford Industrial Realty by 2.6% in the first quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust's stock valued at $1,495,668,000 after purchasing an additional 753,098 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 analysts recently weighed in on the stock. Mizuho reduced their price objective on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating for the company in a research note on Thursday, September 5th. StockNews.com cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Scotiabank lowered Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and reduced their target price for the company from $55.00 to $48.00 in a report on Friday. Finally, Bank of America downgraded shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Rexford Industrial Realty has an average rating of "Hold" and a consensus price target of $51.45.

Insider Transactions at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.20% of the company's stock.

Rexford Industrial Realty Price Performance

REXR traded down $1.23 on Friday, reaching $43.35. The company had a trading volume of 1,849,382 shares, compared to its average volume of 1,717,407. Rexford Industrial Realty, Inc. has a 52-week low of $41.56 and a 52-week high of $58.02. The company has a market cap of $9.44 billion, a price-to-earnings ratio of 39.77, a P/E/G ratio of 2.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.73 and a current ratio of 1.20. The business has a 50 day simple moving average of $49.36 and a 200 day simple moving average of $47.18.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The company had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. During the same period in the previous year, the company earned $0.56 EPS. Rexford Industrial Realty's quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 153.21%.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.