Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 94.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,830 shares of the real estate investment trust's stock after selling 1,361,589 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Rexford Industrial Realty were worth $3,357,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of REXR. UMB Bank n.a. grew its stake in 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 last quarter. Archer Investment Corp lifted its holdings in shares of Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust's stock worth $106,000 after purchasing an additional 800 shares during the period. SRS Capital Advisors Inc. increased its holdings in Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after buying an additional 2,709 shares during the period. Exchange Traded Concepts LLC increased its holdings in Rexford Industrial Realty by 13.2% in the 4th 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 period. Finally, Quarry LP raised its position in Rexford Industrial Realty by 239.6% during the 3rd quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock worth $133,000 after buying an additional 1,869 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $38.74 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a fifty day moving average of $40.04 and a 200 day moving average of $43.29. The firm has a market cap of $8.83 billion, a PE ratio of 32.02, a PEG ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $53.00.

Remove Ads

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. As a group, research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Monday, March 31st. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) is 142.15%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on REXR. JPMorgan Chase & Co. dropped their price objective 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. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price target on the stock. Barclays decreased their price objective 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. Robert W. Baird lowered their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Finally, Scotiabank decreased their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and an average target price of $48.50.

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.

Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.