Rexford Industrial Realty, Inc. (NYSE:REXR) Stake Raised by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 333,732 shares of the real estate investment trust's stock after acquiring an additional 23,001 shares during the quarter. Pinebridge Investments L.P. owned about 0.15% of Rexford Industrial Realty worth $12,902,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of REXR. Norges Bank purchased a new position in shares of Rexford Industrial Realty in the fourth quarter valued at $104,685,000. Long Pond Capital LP purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $58,595,000. Centersquare Investment Management LLC lifted its stake in shares of Rexford Industrial Realty by 32.3% during the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after buying an additional 1,097,349 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after buying an additional 954,202 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its stake in shares of Rexford Industrial Realty by 40.4% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,910,765 shares of the real estate investment trust's stock valued at $112,530,000 after buying an additional 837,630 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock traded down $0.03 during trading hours on Tuesday, reaching $33.36. The company's stock had a trading volume of 438,629 shares, compared to its average volume of 1,902,201. The company's 50 day simple moving average is $37.27 and its 200 day simple moving average is $39.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61. The stock has a market cap of $7.89 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99.

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

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.16%. Rexford Industrial Realty's payout ratio is currently 138.71%.

Wall Street Analysts Forecast Growth

REXR has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Mizuho dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Robert W. Baird dropped their price objective on shares of 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. Finally, Scotiabank dropped their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus price target of $44.00.

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.