Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 679,817 shares of the real estate investment trust’s stock after acquiring an additional 21,093 shares during the quarter. Rhumbline Advisers owned about 0.31% of Rexford Industrial Realty worth $26,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 280 shares during the last quarter. Archer Investment Corp boosted its holdings in Rexford Industrial Realty by 61.5% in the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 800 shares during the last quarter. Exchange Traded Concepts LLC boosted 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 purchasing an additional 371 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in Rexford Industrial Realty in the 3rd quarter valued at about $129,000. Finally, International Assets Investment Management LLC boosted its holdings in Rexford Industrial Realty by 4,835.8% in the 3rd quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,563 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 0.1 %

Shares of Rexford Industrial Realty stock opened at $40.95 on Thursday. The company has a market cap of $9.34 billion, a P/E ratio of 33.84, a PEG ratio of 2.60 and a beta of 0.95. 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 one year low of $36.92 and a one year high of $53.88. The firm has a fifty day moving average of $39.58 and a two-hundred day moving average of $44.32.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, March 31st. 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 138.02%.

Analysts Set New Price Targets

REXR has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock. Scotiabank downgraded shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $55.00 to $48.00 in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of 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. Mizuho reduced their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays reduced their price target on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Two investment 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. According to MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and an average target price of $48.75.

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.