Zurcher Kantonalbank Zurich Cantonalbank Purchases 46,703 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 50.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,566 shares of the real estate investment trust's stock after buying an additional 46,703 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Rexford Industrial Realty worth $5,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 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. Archer Investment Corp raised its stake in Rexford Industrial Realty by 61.5% during the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust's stock worth $106,000 after acquiring an additional 800 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, Quarry LP increased its stake 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 worth $133,000 after purchasing an additional 1,869 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

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Rexford Industrial Realty Price Performance

REXR stock traded up $0.40 during trading on Monday, hitting $40.39. 2,000,676 shares of the company's stock traded hands, compared to its average volume of 1,829,862. The business has a fifty day simple moving average of $40.09 and a 200 day simple moving average of $43.02. Rexford Industrial Realty, Inc. has a 52 week low of $36.92 and a 52 week high of $52.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $9.21 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly 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%. As a group, research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Rexford Industrial Realty's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.26%. Rexford Industrial Realty's dividend payout ratio (DPR) is currently 142.15%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on REXR. Scotiabank dropped their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Robert W. Baird cut their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. JPMorgan Chase & Co. decreased their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price target for the company. Finally, Mizuho reduced their price objective 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 equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.50.

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.