Teacher Retirement System of Texas Sells 26,311 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Teacher Retirement System of Texas reduced its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,083 shares of the real estate investment trust's stock after selling 26,311 shares during the period. Teacher Retirement System of Texas' holdings in Rexford Industrial Realty were worth $506,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in shares of 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 buying an additional 280 shares in the last quarter. Quarry LP raised its stake 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 acquiring an additional 1,869 shares during the period. SRS Capital Advisors Inc. lifted its holdings in Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 2,709 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of 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 worth $123,000 after purchasing an additional 371 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Rexford Industrial Realty in the third quarter worth $229,000. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Trading Down 3.3 %

Shares of REXR stock traded down $1.18 on Friday, reaching $34.69. 4,601,742 shares of the company's stock were exchanged, compared to its average volume of 1,885,870. The company's fifty day simple moving average is $40.11 and its 200 day simple moving average is $41.97. The stock has a market capitalization of $7.91 billion, a PE ratio of 28.67, a P/E/G ratio of 2.62 and a beta of 0.99. 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 52 week low of $33.80 and a 52 week high of $52.61.

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 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.43 dividend. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.96%. Rexford Industrial Realty's payout ratio is presently 142.15%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays dropped their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on 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. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price on the stock. Robert W. Baird dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of "Hold" and an average price target of $46.83.

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.