Proficio Capital Partners LLC Acquires New Shares in Rexford Industrial Realty, Inc. (NYSE:REXR)

Proficio Capital Partners LLC purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,796 shares of the real estate investment trust's stock, valued at approximately $417,000.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of 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 during the last quarter. Archer Investment Corp boosted its position in Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 800 shares during the period. Quarry LP increased its holdings in shares of Rexford Industrial Realty by 239.6% in the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 1,869 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Rexford Industrial Realty by 49.5% in the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 965 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after buying an additional 371 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

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Analysts Set New Price Targets

Several research firms have weighed in on REXR. JPMorgan Chase & Co. lowered their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Scotiabank reduced their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Robert W. Baird decreased their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price for the company. Finally, Barclays reduced their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research report on Monday, January 13th. Two investment 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $48.50.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR traded up $0.40 during mid-day trading on Thursday, reaching $39.55. The company had a trading volume of 186,240 shares, compared to its average volume of 2,016,994. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $53.00. The business's 50-day simple moving average is $40.03 and its 200 day simple moving average is $43.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, research analysts predict 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 disclosed 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 an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.35%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's payout ratio is currently 142.15%.

Rexford Industrial Realty Company 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.