Asset Management One Co. Ltd. Buys 64,264 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Asset Management One Co. Ltd. boosted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 15.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 471,682 shares of the real estate investment trust's stock after purchasing an additional 64,264 shares during the quarter. Asset Management One Co. Ltd. owned about 0.22% of Rexford Industrial Realty worth $23,730,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. M&G Plc acquired a new position in shares of Rexford Industrial Realty during the first quarter worth approximately $33,644,000. Magnetar Financial LLC bought a new stake in Rexford Industrial Realty in the 1st quarter valued at $1,671,000. Vanguard Group Inc. grew its position in Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust's stock worth $1,495,668,000 after purchasing an additional 753,098 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Rexford Industrial Realty by 23.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 62,445 shares of the real estate investment trust's stock worth $3,089,000 after purchasing an additional 12,006 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Rexford Industrial Realty by 32.8% during the first quarter. Russell Investments Group Ltd. now owns 159,845 shares of the real estate investment trust's stock valued at $8,040,000 after buying an additional 39,524 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction dated 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 SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on REXR shares. JPMorgan Chase & Co. raised their price objective on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Evercore ISI reaffirmed an "outperform" rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Mizuho lowered their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. Wells Fargo & Company decreased their price target on Rexford Industrial Realty from $66.00 to $61.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 28th. Finally, Truist Financial increased their price objective on Rexford Industrial Realty from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $51.45.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR traded up $0.57 during trading on Tuesday, reaching $43.74. The company had a trading volume of 2,083,278 shares, compared to its average volume of 1,722,116. The stock has a market cap of $9.73 billion, a PE ratio of 35.15, a PEG ratio of 2.03 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The business's 50 day moving average price is $48.41 and its 200-day moving average price is $47.12. Rexford Industrial Realty, Inc. has a 52 week low of $41.89 and a 52 week high of $58.02.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.28). The business had revenue of $241.84 million during the quarter, compared to analyst estimates of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. Analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share 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. Stockholders of record on Tuesday, December 31st will be issued a $0.4175 dividend. This represents a $1.67 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty's dividend payout ratio (DPR) is 135.77%.

Rexford Industrial Realty Profile

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.