Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC raised its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,621 shares of the real estate investment trust's stock after acquiring an additional 11,815 shares during the period. MetLife Investment Management LLC owned approximately 0.06% of Rexford Industrial Realty worth $5,088,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of REXR. Quantbot Technologies LP purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $33,000. UMB Bank n.a. boosted its stake in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Rexford Industrial Realty by 515.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $65,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Rexford Industrial Realty by 4,104.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after acquiring an additional 2,709 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays cut their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, March 25th. 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 research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Evercore ISI lowered their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $44.00.

Rexford Industrial Realty Stock Down 0.6 %

REXR stock traded down $0.20 on Tuesday, hitting $33.18. 282,733 shares of the company's stock were exchanged, compared to its average volume of 1,901,584. The firm has a 50 day moving average price of $37.27 and a two-hundred day moving average price of $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 12-month low of $29.68 and a 12-month high of $52.61. The stock has a market cap of $7.85 billion, a P/E ratio of 27.45, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99.

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

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 5.18%. Rexford Industrial Realty's payout ratio is presently 138.71%.

About Rexford Industrial Realty

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.