Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Rothschild Investment LLC

Rothschild Investment LLC raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 760,280.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,019 shares of the real estate investment trust's stock after buying an additional 38,014 shares during the quarter. Rothschild Investment LLC's holdings in Rexford Industrial Realty were worth $1,470,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of REXR. Paradigm Asset Management Co. LLC purchased a new position in Rexford Industrial Realty during the 4th quarter valued at about $1,082,000. CIBC Asset Management Inc increased its stake in shares of Rexford Industrial Realty by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock valued at $254,000 after purchasing an additional 355 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Rexford Industrial Realty by 18.8% during the fourth quarter. Sanctuary Advisors LLC now owns 23,782 shares of the real estate investment trust's stock valued at $969,000 after purchasing an additional 3,760 shares during the last quarter. Meixler Investment Management Ltd. bought a new stake in shares of Rexford Industrial Realty in the 4th quarter worth approximately $437,000. Finally, Rhumbline Advisers grew its stake in shares of Rexford Industrial Realty by 3.2% in the 4th quarter. Rhumbline Advisers now owns 679,817 shares of the real estate investment trust's stock worth $26,282,000 after buying an additional 21,093 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

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Analyst Upgrades and Downgrades

REXR has been the subject of a number of recent research reports. Barclays lowered their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating for the company in a research note on Monday, January 13th. Mizuho dropped 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 research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price target for the company. Two equities 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's stock. According to data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of "Hold" and a consensus target price of $48.75.

Rexford Industrial Realty Stock Performance

REXR traded up $0.59 during mid-day trading on Friday, reaching $41.38. 2,845,729 shares of the company traded hands, compared to its average volume of 2,010,416. The stock has a market capitalization of $9.43 billion, a P/E ratio of 34.19, a P/E/G ratio of 2.62 and a beta of 0.95. Rexford Industrial Realty, Inc. has a 52-week low of $36.92 and a 52-week high of $53.88. 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 company's fifty day moving average price is $39.70 and its 200-day moving average price is $44.01.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating 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, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. 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 yield of 4.16%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is currently 142.15%.

Rexford Industrial Realty Company 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.