Rhumbline Advisers Acquires 21,093 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Rhumbline Advisers raised its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 679,817 shares of the real estate investment trust's stock after buying an additional 21,093 shares during the period. Rhumbline Advisers owned about 0.31% of Rexford Industrial Realty worth $26,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REXR. UMB Bank n.a. raised its position in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 280 shares during the period. Archer Investment Corp raised its position in shares of Rexford Industrial Realty by 61.5% during the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust's stock valued at $106,000 after purchasing an additional 800 shares during the period. Exchange Traded Concepts LLC raised its position 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 valued at $123,000 after purchasing an additional 371 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter valued at $129,000. Finally, International Assets Investment Management LLC raised its position in shares of Rexford Industrial Realty by 4,835.8% during the 3rd quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust's stock valued at $132,000 after purchasing an additional 2,563 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 0.7 %

Rexford Industrial Realty stock traded down $0.31 during trading hours on Friday, hitting $40.48. The company had a trading volume of 1,133,635 shares, compared to its average volume of 2,033,952. The firm has a market cap of $9.23 billion, a P/E ratio of 33.45, a P/E/G ratio of 2.62 and a beta of 0.95. 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 1 year low of $36.92 and a 1 year high of $53.88. The company has a 50-day moving average price of $39.58 and a two-hundred day moving average price of $44.25.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current 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 issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.25%. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's payout ratio is currently 138.02%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Mizuho reduced their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Scotiabank downgraded shares of Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and reduced their price target for the company from $55.00 to $48.00 in a report on Friday, October 25th. Truist Financial reduced their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $48.75.

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.