Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 22.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,637 shares of the real estate investment trust’s stock after acquiring an additional 479 shares during the quarter. Signaturefd LLC’s holdings in Rexford Industrial Realty were worth $133,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV raised its stake in shares of Rexford Industrial Realty by 169.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 349 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth $26,000. UMB Bank n.a. raised its position in shares of Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 447 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth $41,000. Finally, EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 864 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $44.25 on Tuesday. The stock has a market cap of $9.64 billion, a P/E ratio of 40.48, a PEG ratio of 2.07 and a beta of 0.93. The company’s 50-day simple moving average is $49.36 and its 200 day simple moving average is $47.18. Rexford Industrial Realty, Inc. has a twelve month low of $41.68 and a twelve month high of $58.02. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). The business had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. As a group, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.4175 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.77%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 153.21%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and lowered their target price for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Mizuho lowered their target price on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered their target price on Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and an average target price of $51.45.

Insider Activity

In other news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Rexford Industrial Realty Profile

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.