First Trust Advisors LP Boosts Holdings in Rexford Industrial Realty, Inc. (REXR)

First Trust Advisors LP raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 84.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,849 shares of the real estate investment trust’s stock after acquiring an additional 33,794 shares during the quarter. First Trust Advisors LP owned approximately 0.10% of Rexford Industrial Realty worth $2,114,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Nationwide Fund Advisors boosted its position in Rexford Industrial Realty by 331.4% during the 3rd quarter. Nationwide Fund Advisors now owns 368,855 shares of the real estate investment trust’s stock valued at $10,557,000 after acquiring an additional 283,359 shares in the last quarter. Strs Ohio boosted its position in Rexford Industrial Realty by 4.4% during the 3rd quarter. Strs Ohio now owns 108,775 shares of the real estate investment trust’s stock valued at $3,113,000 after acquiring an additional 4,621 shares in the last quarter. Fisher Asset Management LLC boosted its position in Rexford Industrial Realty by 51.3% during the 3rd quarter. Fisher Asset Management LLC now owns 151,558 shares of the real estate investment trust’s stock valued at $4,338,000 after acquiring an additional 51,377 shares in the last quarter. Navellier & Associates Inc boosted its position in Rexford Industrial Realty by 9.4% during the 2nd quarter. Navellier & Associates Inc now owns 38,935 shares of the real estate investment trust’s stock valued at $1,068,000 after acquiring an additional 3,331 shares in the last quarter. Finally, Phocas Financial Corp. boosted its position in Rexford Industrial Realty by 6.9% during the 2nd quarter. Phocas Financial Corp. now owns 501,964 shares of the real estate investment trust’s stock valued at $13,774,000 after acquiring an additional 32,521 shares in the last quarter. 96.15% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on REXR shares. National Securities raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $32.00 in a research report on Tuesday, August 29th. BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 target price (up from $30.00) on shares of Rexford Industrial Realty in a report on Thursday, September 14th. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Thursday, August 31st. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $34.00 target price (up from $32.00) on shares of Rexford Industrial Realty in a report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $30.60.

Rexford Industrial Realty, Inc. (NYSE:REXR) traded up $0.53 during mid-day trading on Friday, hitting $31.52. 893,283 shares of the stock traded hands, compared to its average volume of 343,907. Rexford Industrial Realty, Inc. has a 1 year low of $21.34 and a 1 year high of $31.71. The stock has a market capitalization of $2,455.38, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 4.10 and a beta of 0.75. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The firm had revenue of $43.30 million during the quarter, compared to analyst estimates of $41.77 million. During the same period last year, the business earned $0.22 earnings per share. The business’s revenue was up 30.0% on a year-over-year basis. analysts forecast that Rexford Industrial Realty, Inc. will post 0.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.58 annualized dividend and a dividend yield of 1.84%. Rexford Industrial Realty’s payout ratio is 134.89%.

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About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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