Ossiam Purchases 12,454 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Ossiam increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,560 shares of the real estate investment trust's stock after acquiring an additional 12,454 shares during the quarter. Ossiam's holdings in Rexford Industrial Realty were worth $1,568,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of REXR. Vanguard Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock valued at $1,157,170,000 after purchasing an additional 562,710 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after buying an additional 954,202 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in 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 last quarter. Geode Capital Management LLC grew its holdings in Rexford Industrial Realty by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock valued at $160,282,000 after buying an additional 70,710 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Rexford Industrial Realty by 0.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock worth $130,180,000 after acquiring an additional 28,079 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on REXR shares. 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. JPMorgan Chase & Co. dropped their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday. Evercore ISI decreased their target price on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Mizuho dropped their price target on 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. Finally, Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research note 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.00.

Rexford Industrial Realty Trading Down 2.0 %

REXR traded down $0.67 during trading hours on Friday, reaching $33.09. 2,253,503 shares of the company's stock traded hands, compared to its average volume of 1,904,967. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $37.43 and a 200 day moving average price of $40.04. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. The firm has a market capitalization of $7.81 billion, a PE ratio of 27.35, a PEG ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its 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. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The firm had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. As a group, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.20%. Rexford Industrial Realty's payout ratio is 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.