HUB Investment Partners LLC Buys Shares of 5,855 Rexford Industrial Realty, Inc. (NYSE:REXR)

HUB Investment Partners LLC bought a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,855 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in shares of Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 2,709 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 371 shares in the last quarter. Quarry LP raised its stake in shares of Rexford Industrial Realty by 239.6% during the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock valued at $133,000 after purchasing an additional 1,869 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Rexford Industrial Realty by 49.5% during the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 965 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays cut their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Scotiabank dropped their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Mizuho dropped their price target on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

Rexford Industrial Realty Trading Down 3.4 %

Shares of REXR opened at $39.00 on Friday. The business’s 50-day moving average price is $40.27 and its 200 day moving average price is $42.78. The stock has a market capitalization of $8.89 billion, a P/E ratio of 32.23, a P/E/G ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a 1-year low of $36.92 and a 1-year high of $52.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.41%. Rexford Industrial Realty’s dividend payout ratio is currently 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.