Oddo BHF Asset Management Sas Buys Shares of 217,156 Rexford Industrial Realty, Inc. (NYSE:REXR)

Oddo BHF Asset Management Sas bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 217,156 shares of the real estate investment trust's stock, valued at approximately $10,925,000. Oddo BHF Asset Management Sas owned approximately 0.10% of Rexford Industrial Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Rexford Industrial Realty by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust's stock valued at $205,014,000 after buying an additional 74,865 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Rexford Industrial Realty by 14.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust's stock worth $167,996,000 after purchasing an additional 431,659 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Rexford Industrial Realty by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,326,694 shares of the real estate investment trust's stock valued at $148,337,000 after purchasing an additional 200,027 shares during the period. Canada Pension Plan Investment Board lifted its position in Rexford Industrial Realty by 41.9% during the second quarter. Canada Pension Plan Investment Board now owns 3,175,465 shares of the real estate investment trust's stock worth $141,594,000 after buying an additional 938,177 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Rexford Industrial Realty by 1.9% in the 3rd quarter. Wellington Management Group LLP now owns 2,265,637 shares of the real estate investment trust's stock worth $113,984,000 after buying an additional 42,450 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on REXR shares. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research note on Friday, October 18th. StockNews.com downgraded shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research report on Monday, October 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Scotiabank lowered shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, Bank of America lowered shares of Rexford Industrial Realty from a "buy" rating to a "neutral" rating and reduced their target price for the company from $66.00 to $49.00 in a report on Monday, October 21st. Two equities 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $51.09.

Rexford Industrial Realty Stock Up 1.4 %

REXR traded up $0.56 during trading on Friday, hitting $40.87. The company had a trading volume of 1,857,894 shares, compared to its average volume of 1,743,904. Rexford Industrial Realty, Inc. has a 1-year low of $39.85 and a 1-year high of $58.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $9.09 billion, a PE ratio of 33.23, a P/E/G ratio of 1.93 and a beta of 0.93. The business has a 50-day moving average of $43.44 and a 200-day moving average of $46.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.28). The company 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 business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 EPS. As a group, analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 annualized dividend and a yield of 4.09%. Rexford Industrial Realty's dividend payout ratio (DPR) is 135.77%.

Rexford Industrial Realty Company 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.