Teacher Retirement System of Texas Sells 26,311 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Teacher Retirement System of Texas decreased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 66.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,083 shares of the real estate investment trust’s stock after selling 26,311 shares during the period. Teacher Retirement System of Texas’ holdings in Rexford Industrial Realty were worth $506,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. grew its position in shares of Rexford Industrial Realty by 9.4% in the fourth quarter. Xponance Inc. now owns 25,707 shares of the real estate investment trust’s stock valued at $994,000 after purchasing an additional 2,203 shares during the last quarter. Boston Partners grew its holdings in Rexford Industrial Realty by 7.5% in the 4th quarter. Boston Partners now owns 3,160,272 shares of the real estate investment trust’s stock valued at $122,184,000 after buying an additional 221,478 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Rexford Industrial Realty by 44.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 390,126 shares of the real estate investment trust’s stock worth $15,082,000 after buying an additional 119,962 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Rexford Industrial Realty by 0.4% during the fourth quarter. William Blair Investment Management LLC now owns 692,561 shares of the real estate investment trust’s stock worth $26,774,000 after buying an additional 2,452 shares during the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Rexford Industrial Realty by 11.6% in the fourth quarter. Cibc World Markets Corp now owns 64,604 shares of the real estate investment trust’s stock valued at $2,498,000 after acquiring an additional 6,713 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 0.6 %

REXR opened at $39.17 on Tuesday. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 32.37, 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. The firm’s 50-day simple moving average is $40.36 and its 200-day simple moving average is $42.29. 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) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

Analysts Set New Price Targets

REXR has been the subject of a number of research reports. Scotiabank reduced their price target 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. Mizuho decreased their target price on 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. JPMorgan Chase & Co. lowered their price target 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. Barclays reduced their price objective on 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, Robert W. Baird lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.83.

Rexford Industrial Realty 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.