Russell Investments Group Ltd. Sells 17,367 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Russell Investments Group Ltd. cut its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,921 shares of the real estate investment trust's stock after selling 17,367 shares during the period. Russell Investments Group Ltd. owned about 0.10% of Rexford Industrial Realty worth $8,193,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of REXR. UMB Bank n.a. grew its position in 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. CIBC Asset Management Inc lifted its holdings in Rexford Industrial Realty by 5.7% during the 4th 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 during the last quarter. Exchange Traded Concepts LLC boosted its position in Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 371 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Rexford Industrial Realty by 1.5% during the third quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock worth $1,470,000 after buying an additional 442 shares in the last quarter. Finally, Isthmus Partners LLC raised its stake in shares of Rexford Industrial Realty by 7.3% in the fourth quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust's stock valued at $266,000 after acquiring an additional 469 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Down 0.4 %

Shares of NYSE:REXR traded down $0.12 during mid-day trading on Friday, reaching $32.58. The stock had a trading volume of 4,910,036 shares, compared to its average volume of 1,895,678. The firm has a market cap of $7.69 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. The firm has a 50 day simple moving average of $38.37 and a two-hundred day simple moving average of $40.69. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Analysts Set New Price Targets

REXR has been the subject of a number of recent analyst reports. Scotiabank dropped their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. decreased 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. Barclays lowered 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 report on Tuesday, March 25th. Robert W. Baird decreased their price target on shares of 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, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of "Hold" and an average target price of $46.17.

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.