Duff & Phelps Investment Management Co. Buys 837,630 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Duff & Phelps Investment Management Co. lifted its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 40.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,910,765 shares of the real estate investment trust's stock after buying an additional 837,630 shares during the quarter. Rexford Industrial Realty comprises approximately 1.3% of Duff & Phelps Investment Management Co.'s holdings, making the stock its 25th largest position. Duff & Phelps Investment Management Co. owned 1.31% of Rexford Industrial Realty worth $112,530,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its position in shares of Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 280 shares during the period. IHT Wealth Management LLC boosted its holdings in Rexford Industrial Realty by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock valued at $325,000 after purchasing an additional 296 shares during the period. CIBC Asset Management Inc grew its position in Rexford Industrial Realty by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock worth $254,000 after purchasing an additional 355 shares during the last quarter. Exchange Traded Concepts LLC increased 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 purchasing an additional 371 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Rexford Industrial Realty by 1.5% in the third quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock valued at $1,470,000 after buying an additional 442 shares during the period. 99.52% of the stock is owned by institutional investors.

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Rexford Industrial Realty Price Performance

REXR traded up $0.01 during midday trading on Tuesday, hitting $39.16. The company had a trading volume of 400,625 shares, compared to its average volume of 1,868,579. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. The firm's 50-day simple moving average is $40.36 and its 200-day simple moving average is $42.29. The company has a market capitalization of $8.93 billion, a PE ratio of 32.51, a P/E/G ratio of 2.62 and a beta of 0.98. 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 (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping 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%. Equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.43 per share. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.39%. Rexford Industrial Realty's payout ratio is currently 142.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on REXR shares. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 price target on the stock. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research note on Tuesday, March 25th. Scotiabank decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating on the stock in a research note on Friday, February 28th. Barclays dropped their price objective on shares of 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. Finally, Mizuho dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus target price of $46.83.

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.