Rexford Industrial Realty, Inc. (NYSE:REXR) Holdings Cut by Natixis Advisors LLC

Natixis Advisors LLC cut its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 22.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,509 shares of the real estate investment trust’s stock after selling 10,469 shares during the quarter. Natixis Advisors LLC’s holdings in Rexford Industrial Realty were worth $1,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Massmutual Trust Co. FSB ADV lifted its position in 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 valued at $25,000 after purchasing an additional 349 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Rexford Industrial Realty during the second quarter valued at approximately $26,000. UMB Bank n.a. raised its holdings 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 valued at $36,000 after buying an additional 447 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Rexford Industrial Realty during the second quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Rexford Industrial Realty by 1,252.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 864 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $42.88 on Tuesday. The stock’s fifty day simple moving average is $46.16 and its 200 day simple moving average is $47.01. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.99 and a beta of 0.94. 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, Inc. has a 52-week low of $41.16 and a 52-week high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The company had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. During the same quarter in the previous year, the firm posted $0.56 EPS. Rexford Industrial Realty’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty’s payout ratio is 135.77%.

Insider Buying and Selling at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the firm’s 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 Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

REXR has been the subject of a number of analyst reports. Mizuho reduced their price target on 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. Scotiabank downgraded shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $55.00 to $48.00 in a report on Friday, October 25th. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Bank of America lowered shares of 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. Finally, StockNews.com cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.09.

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.