Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Sei Investments Co.

Sei Investments Co. lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 15.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 682,655 shares of the real estate investment trust's stock after purchasing an additional 90,476 shares during the period. Sei Investments Co. owned approximately 0.31% of Rexford Industrial Realty worth $26,391,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. lifted its position in shares of Rexford Industrial Realty by 49.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust's stock valued at $147,000 after acquiring an additional 965 shares during the period. Intech Investment Management LLC increased its stake in Rexford Industrial Realty by 160.3% in the 3rd quarter. Intech Investment Management LLC now owns 19,161 shares of the real estate investment trust's stock valued at $964,000 after purchasing an additional 11,800 shares in the last quarter. Cerity Partners LLC raised its holdings in Rexford Industrial Realty by 5.6% during the third quarter. Cerity Partners LLC now owns 39,332 shares of the real estate investment trust's stock worth $1,979,000 after purchasing an additional 2,075 shares during the last quarter. Fisher Asset Management LLC boosted its position in Rexford Industrial Realty by 9.2% during the third quarter. Fisher Asset Management LLC now owns 66,766 shares of the real estate investment trust's stock worth $3,359,000 after purchasing an additional 5,604 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Rexford Industrial Realty by 5.2% in the third quarter. Bank of Montreal Can now owns 72,416 shares of the real estate investment trust's stock valued at $3,658,000 after purchasing an additional 3,604 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

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Analyst Ratings Changes

Several research analysts have recently issued reports on REXR shares. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price for the company. Robert W. Baird reduced 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 report on Tuesday, March 4th. JPMorgan Chase & Co. dropped 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. Finally, Barclays reduced their target price on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 25th. 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's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $46.83.

Rexford Industrial Realty Trading Down 1.4 %

Shares of REXR stock traded down $0.56 during mid-day trading on Friday, hitting $39.37. 2,039,946 shares of the company's stock were exchanged, compared to its average volume of 1,872,770. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.62 and a beta of 0.98. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61. The stock has a 50-day simple moving average of $40.35 and a two-hundred day simple moving average of $42.36.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal 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 dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.37%. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty's dividend payout ratio is presently 142.15%.

About Rexford Industrial Realty

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.