Graham Capital Wealth Management LLC Acquires 36,919 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Graham Capital Wealth Management LLC boosted its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,948 shares of the real estate investment trust's stock after buying an additional 36,919 shares during the quarter. Rexford Industrial Realty makes up about 2.9% of Graham Capital Wealth Management LLC's portfolio, making the stock its 9th biggest position. Graham Capital Wealth Management LLC's holdings in Rexford Industrial Realty were worth $3,129,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Koa Wealth Management LLC boosted its position in Rexford Industrial Realty by 357.2% during the fourth quarter. Koa Wealth Management LLC now owns 32,766 shares of the real estate investment trust's stock valued at $1,267,000 after purchasing an additional 25,600 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Rexford Industrial Realty by 4.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 177,253 shares of the real estate investment trust's stock worth $6,853,000 after purchasing an additional 8,000 shares in the last quarter. Vert Asset Management LLC boosted its holdings in shares of Rexford Industrial Realty by 9.4% in the 4th quarter. Vert Asset Management LLC now owns 97,967 shares of the real estate investment trust's stock valued at $3,787,000 after buying an additional 8,388 shares during the last quarter. KBC Group NV grew its stake in shares of Rexford Industrial Realty by 56.2% in the fourth quarter. KBC Group NV now owns 8,872 shares of the real estate investment trust's stock valued at $343,000 after buying an additional 3,191 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Rexford Industrial Realty by 13.2% during the fourth 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 last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

Shares of REXR traded down $0.22 during midday trading on Thursday, reaching $40.55. 4,416,406 shares of the stock were exchanged, compared to its average volume of 1,980,783. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $53.88. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market cap of $9.02 billion, a P/E ratio of 32.97, a PEG ratio of 2.21 and a beta of 0.95. The stock's 50 day simple moving average is $39.77 and its 200 day simple moving average is $44.94.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. On average, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.24%. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 135.77%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial cut their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Barclays reduced their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a report on Monday, January 13th. Bank of America lowered Rexford Industrial Realty from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Finally, StockNews.com cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $49.42.

About Rexford Industrial Realty

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.