RBF Capital LLC Makes New Investment in Rexford Industrial Realty, Inc. (NYSE:REXR)

RBF Capital 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 filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the real estate investment trust's stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its holdings in shares of Rexford Industrial Realty by 7.4% in the fourth quarter. Pinebridge Investments L.P. now owns 333,732 shares of the real estate investment trust's stock valued at $12,902,000 after acquiring an additional 23,001 shares during the period. Hsbc Holdings PLC boosted its stake in Rexford Industrial Realty by 25.0% during the 4th quarter. Hsbc Holdings PLC now owns 713,136 shares of the real estate investment trust's stock worth $27,551,000 after purchasing an additional 142,399 shares during the period. Van Lanschot Kempen Investment Management N.V. grew its position in Rexford Industrial Realty by 1.8% during the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 386,993 shares of the real estate investment trust's stock worth $14,961,000 after purchasing an additional 6,876 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Rexford Industrial Realty by 178.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,598 shares of the real estate investment trust's stock valued at $680,000 after purchasing an additional 11,288 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Rexford Industrial Realty by 9.9% in the fourth quarter. MetLife Investment Management LLC now owns 131,621 shares of the real estate investment trust's stock valued at $5,088,000 after buying an additional 11,815 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock traded up $0.30 during trading hours on Monday, hitting $33.38. The stock had a trading volume of 2,210,626 shares, compared to its average volume of 1,907,789. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.61. The stock's fifty day moving average is $37.43 and its two-hundred day moving average is $39.94.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.15%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird lowered their price target 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. JPMorgan Chase & Co. lowered their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday. Barclays cut their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Scotiabank dropped their price objective on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, April 7th. Finally, Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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.