Swiss National Bank Raises Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Swiss National Bank lifted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 431,716 shares of the real estate investment trust's stock after buying an additional 6,500 shares during the period. Swiss National Bank owned about 0.19% of Rexford Industrial Realty worth $16,690,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Rexford Industrial Realty by 172.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,501 shares of the real estate investment trust's stock worth $4,659,000 after acquiring an additional 76,266 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Rexford Industrial Realty by 441.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,017 shares of the real estate investment trust's stock worth $194,000 after acquiring an additional 4,090 shares during the period. Isthmus Partners LLC lifted its holdings in Rexford Industrial Realty by 7.3% during the fourth quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust's stock worth $266,000 after acquiring an additional 469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Rexford Industrial Realty by 50.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,566 shares of the real estate investment trust's stock worth $5,396,000 after acquiring an additional 46,703 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Rexford Industrial Realty during the fourth quarter worth $13,959,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

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Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock traded down $1.36 during midday trading on Friday, hitting $39.00. 7,366,499 shares of the company's stock were exchanged, compared to its average volume of 1,861,365. Rexford Industrial Realty, Inc. has a 52-week low of $36.92 and a 52-week high of $52.61. The stock has a 50-day moving average price of $40.27 and a two-hundred day moving average price of $42.83. 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 company has a market cap of $8.89 billion, a P/E ratio of 32.23, a PEG ratio of 2.62 and a beta of 0.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed 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. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is presently 142.15%.

Analyst Upgrades and Downgrades

REXR has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price on the stock. JPMorgan Chase & Co. decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Barclays decreased their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating on the stock in a research note on Monday, January 13th. Scotiabank decreased their price objective on 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. Finally, Mizuho decreased their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus price target 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.