Azzad Asset Management Inc. ADV Has $447,000 Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Azzad Asset Management Inc. ADV grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,881 shares of the real estate investment trust’s stock after purchasing an additional 519 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Rexford Industrial Realty were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of REXR. Massmutual Trust Co. FSB ADV raised its holdings in shares of Rexford Industrial Realty by 169.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 349 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth $41,000. EverSource Wealth Advisors LLC raised its holdings in shares of Rexford Industrial Realty by 1,252.2% during the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 864 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in shares of Rexford Industrial Realty by 136.6% during the first quarter. Advisors Asset Management Inc. now owns 1,086 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 627 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on REXR shares. Scotiabank raised their price objective on shares of Rexford Industrial Realty from $51.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised their target price on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Evercore ISI raised their target price on shares of Rexford Industrial Realty from $57.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Mizuho decreased their target price on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Finally, Wells Fargo & Company decreased their target price on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $52.50.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $47.09 on Wednesday. The company has a market cap of $10.26 billion, a PE ratio of 43.20, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a 50-day moving average of $50.26 and a 200-day moving average of $47.46. Rexford Industrial Realty, Inc. has a one year low of $41.56 and a one year high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.21). The company had revenue of $237.60 million for the quarter, compared to the consensus estimate of $227.70 million. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 30.71%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.35 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.4175 per share. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.67 annualized dividend and a dividend yield of 3.55%. Rexford Industrial Realty’s payout ratio is presently 153.21%.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.86, for a total value of $1,483,291.88. Following the completion of the sale, the chief executive officer now owns 50,673 shares in the company, valued at $2,475,882.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the completion of the sale, the chief executive officer now owns 50,673 shares of the company’s stock, valued at $2,475,882.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.