Rexford Industrial Realty, Inc. (NYSE:REXR) Holdings Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 12.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,902 shares of the real estate investment trust’s stock after purchasing an additional 4,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rexford Industrial Realty were worth $2,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Lindbrook Capital LLC raised its holdings in shares of Rexford Industrial Realty by 4.9% in the 4th quarter. Lindbrook Capital LLC now owns 5,554 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 259 shares in the last quarter. Xponance Inc. raised its holdings in shares of Rexford Industrial Realty by 1.5% in the 3rd quarter. Xponance Inc. now owns 24,917 shares of the real estate investment trust’s stock worth $1,230,000 after purchasing an additional 359 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Rexford Industrial Realty by 0.7% in the 4th quarter. Arizona State Retirement System now owns 57,624 shares of the real estate investment trust’s stock worth $3,233,000 after purchasing an additional 407 shares in the last quarter. Bank Pictet & Cie Europe AG raised its holdings in shares of Rexford Industrial Realty by 1.4% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 30,244 shares of the real estate investment trust’s stock worth $1,493,000 after purchasing an additional 408 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Rexford Industrial Realty by 58.2% in the 3rd quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 411 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $43.20 on Friday. The company’s 50 day moving average price is $49.30 and its 200 day moving average price is $50.42. Rexford Industrial Realty, Inc. has a 52 week low of $41.56 and a 52 week high of $58.02. The company has a market capitalization of $9.41 billion, a PE ratio of 39.63, a PEG ratio of 1.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 3.21.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.30). The company had revenue of $214.10 million for the quarter, compared to analysts’ expectations of $207.39 million. Rexford Industrial Realty had a net margin of 28.84% and a return on equity of 3.04%. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Research analysts expect that Rexford Industrial Realty, Inc. will post 2.33 EPS for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.417 dividend. This represents a $1.67 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Friday, June 28th. Rexford Industrial Realty’s dividend payout ratio is 153.21%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Mizuho reiterated a “neutral” rating and issued a $52.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, April 2nd. Robert W. Baird reissued a “neutral” rating and issued a $61.00 target price (up from $53.00) on shares of Rexford Industrial Realty in a research report on Friday, January 5th. Wedbush started coverage on shares of Rexford Industrial Realty in a research report on Monday, April 22nd. They issued a “neutral” rating and a $45.00 target price on the stock. Barclays lifted their target price on shares of Rexford Industrial Realty from $45.00 to $46.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and an average target price of $54.73.

Insiders Place Their Bets

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.69, for a total value of $954,373.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

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.