Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 40.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,910,765 shares of the real estate investment trust’s stock after acquiring an additional 837,630 shares during the period. Rexford Industrial Realty comprises approximately 1.3% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 25th largest position. Duff & Phelps Investment Management Co. owned approximately 1.31% of Rexford Industrial Realty worth $112,530,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in REXR. Quantbot Technologies LP bought a new position in Rexford Industrial Realty during the fourth quarter valued at about $33,000. UMB Bank n.a. boosted its stake in Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 1,248 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,709 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 371 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $39.92 on Friday. The firm’s fifty day simple moving average is $40.35 and its 200-day simple moving average is $42.55. The stock has a market cap of $9.10 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last released its 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 net margin of 29.10% and a return on equity of 3.26%. Analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business 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 dividend of $0.43 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

Analyst Ratings Changes

Several equities research analysts have weighed in on REXR shares. Mizuho cut their price target on 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. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research note on Tuesday. Finally, Scotiabank dropped their target price on 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $46.83.

Rexford Industrial Realty Profile

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.