International Assets Investment Management LLC Acquires 2,563 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

International Assets Investment Management LLC boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 4,835.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,616 shares of the real estate investment trust’s stock after buying an additional 2,563 shares during the quarter. International Assets Investment Management LLC’s holdings in Rexford Industrial Realty were worth $132,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust’s stock worth $1,495,668,000 after buying an additional 753,098 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Rexford Industrial Realty by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust’s stock worth $1,002,654,000 after purchasing an additional 4,197,907 shares in the last quarter. Capital International Investors grew its stake in Rexford Industrial Realty by 687.7% in the 1st quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust’s stock worth $985,411,000 after buying an additional 17,103,653 shares in the last quarter. Centersquare Investment Management LLC increased its stake in Rexford Industrial Realty by 1.1% in the first quarter. Centersquare Investment Management LLC now owns 3,938,026 shares of the real estate investment trust’s stock valued at $198,083,000 after acquiring an additional 42,632 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Rexford Industrial Realty by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,694 shares of the real estate investment trust’s stock valued at $148,337,000 after purchasing an additional 200,027 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Insider Activity at Rexford Industrial Realty

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

Rexford Industrial Realty Trading Down 0.3 %

NYSE:REXR opened at $42.59 on Friday. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 34.63, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The business has a fifty day moving average price of $47.92 and a 200-day moving average price of $47.06. Rexford Industrial Realty, Inc. has a one year low of $41.89 and a one year high of $58.02.

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

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 135.77%.

Wall Street Analyst Weigh In

Several research firms have recently commented on REXR. Truist Financial lifted their price objective on Rexford Industrial Realty from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $49.00 in a research note on Monday, October 21st. 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 note on Thursday, September 5th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Scotiabank cut Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and a consensus target price of $51.45.

Rexford Industrial Realty Company 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.