Thrivent Financial for Lutherans Buys 119,962 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Thrivent Financial for Lutherans lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 390,126 shares of the real estate investment trust's stock after acquiring an additional 119,962 shares during the period. Thrivent Financial for Lutherans owned 0.18% of Rexford Industrial Realty worth $15,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. lifted 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 worth $39,000 after purchasing an additional 280 shares during the period. Quarry LP raised its stake in shares of Rexford Industrial Realty by 239.6% in the 3rd quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock worth $133,000 after buying an additional 1,869 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Rexford Industrial Realty by 4,104.5% in 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 buying an additional 2,709 shares during the period. Advisors Asset Management Inc. boosted its stake in Rexford Industrial Realty by 49.5% during the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust's stock valued at $147,000 after buying an additional 965 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Rexford Industrial Realty by 13.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 371 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have issued reports on REXR. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Robert W. Baird reduced their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective for the company. Finally, Mizuho dropped their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of "Hold" and an average price target of $46.83.

Rexford Industrial Realty Stock Up 0.7 %

NYSE REXR traded up $0.29 on Wednesday, reaching $39.90. The stock had a trading volume of 1,531,683 shares, compared to its average volume of 1,868,879. 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 1 year low of $36.92 and a 1 year high of $52.61. The business has a 50 day moving average price of $40.32 and a 200 day moving average price of $42.59. The company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 32.97, a P/E/G ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating 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%. On average, analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.31%. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. Rexford Industrial Realty's dividend payout ratio (DPR) 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.