Isthmus Partners LLC Grows Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Isthmus Partners LLC increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,887 shares of the real estate investment trust’s stock after buying an additional 469 shares during the quarter. Isthmus Partners LLC’s holdings in Rexford Industrial Realty were worth $266,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 280 shares during the last quarter. Archer Investment Corp grew its stake in Rexford Industrial Realty by 61.5% during the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 800 shares during the last quarter. Quarry LP grew its stake in Rexford Industrial Realty by 239.6% during the 3rd quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,869 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Rexford Industrial Realty by 4,104.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,709 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Rexford Industrial Realty by 49.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 965 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

REXR has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Barclays decreased their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective for the company. Finally, Mizuho decreased their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $48.50.

Rexford Industrial Realty Stock Down 1.8 %

REXR opened at $39.71 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50 day simple moving average of $40.00 and a 200-day simple moving average of $43.44. The stock has a market capitalization of $9.05 billion, a P/E ratio of 32.81, a P/E/G ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a 12 month low of $36.92 and a 12 month high of $53.88.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.43 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.33%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.