Vanguard Group Inc. boosted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 29,931,981 shares of the real estate investment trust's stock after buying an additional 562,710 shares during the period. Vanguard Group Inc. owned approximately 13.46% of Rexford Industrial Realty worth $1,157,170,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth $33,000. UMB Bank n.a. increased its holdings in 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 worth $39,000 after purchasing an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Rexford Industrial Realty by 515.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 1,248 shares during the period. Quarry LP lifted its holdings in shares of Rexford Industrial Realty by 239.6% in the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 1,869 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of 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 worth $107,000 after buying an additional 2,709 shares during the period. Institutional investors own 99.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on REXR shares. JPMorgan Chase & Co. dropped 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. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Robert W. Baird reduced their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Barclays decreased 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 research report on Tuesday, March 25th. 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 on the stock. Two investment 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, Rexford Industrial Realty presently has a consensus rating of "Hold" and an average price target of $46.83.
View Our Latest Stock Analysis on Rexford Industrial Realty
Rexford Industrial Realty Stock Performance
NYSE:REXR traded down $0.00 during mid-day trading on Tuesday, hitting $39.15. The stock had a trading volume of 1,417,755 shares, compared to its average volume of 1,871,142. The company's 50 day simple moving average is $40.33 and its 200 day simple moving average is $42.21. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS 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%. On average, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.
Rexford Industrial Realty Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.39%. Rexford Industrial Realty's dividend payout ratio is presently 142.15%.
About Rexford Industrial Realty
(
Free Report)
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.
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