Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Xponance Inc.

Xponance Inc. raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,444 shares of the real estate investment trust’s stock after purchasing an additional 527 shares during the quarter. Xponance Inc.’s holdings in Rexford Industrial Realty were worth $1,427,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of REXR. Fifth Third Bancorp lifted its position in Rexford Industrial Realty by 58.2% during the third quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 411 shares during the period. Ninepoint Partners LP acquired a new stake in Rexford Industrial Realty during the third quarter worth about $108,000. Signaturefd LLC raised its position in Rexford Industrial Realty by 45.9% during the third quarter. Signaturefd LLC now owns 2,270 shares of the real estate investment trust’s stock valued at $112,000 after acquiring an additional 714 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Rexford Industrial Realty by 5,510.9% in the fourth quarter. International Assets Investment Management LLC now owns 3,086 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 3,031 shares during the period. Finally, Assetmark Inc. boosted its position in Rexford Industrial Realty by 13.9% in the 3rd quarter. Assetmark Inc. now owns 4,016 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 489 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $42.54 on Thursday. The company has a market cap of $9.27 billion, a P/E ratio of 39.03, a P/E/G ratio of 1.92 and a beta of 0.86. Rexford Industrial Realty, Inc. has a twelve month low of $41.56 and a twelve month high of $58.02. The company’s 50-day moving average price is $49.70 and its 200-day moving average price is $50.51. The company has a current ratio of 3.21, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Thursday, April 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.30). Rexford Industrial Realty had a return on equity of 3.04% and a net margin of 28.84%. The business had revenue of $214.10 million during the quarter, compared to analysts’ expectations of $207.39 million. During the same period last year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.33 earnings per share for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.417 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, June 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 153.21%.

Analyst Upgrades and Downgrades

REXR has been the topic of a number of recent analyst reports. Mizuho reissued a “neutral” rating and set a $52.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, April 2nd. Wedbush assumed coverage on Rexford Industrial Realty in a research report on Monday. They set a “neutral” rating and a $45.00 price target on the stock. JPMorgan Chase & Co. cut Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research report on Wednesday, February 7th. Barclays increased their target price on Rexford Industrial Realty from $45.00 to $46.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, TheStreet raised shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $54.73.

Insider Activity

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of Rexford Industrial Realty stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $52.69, for a total transaction of $954,373.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.