First Foundation Advisors Lowers Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

First Foundation Advisors decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 15.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,349 shares of the real estate investment trust’s stock after selling 33,951 shares during the quarter. First Foundation Advisors owned approximately 0.09% of Rexford Industrial Realty worth $7,436,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in Rexford Industrial Realty in the 4th quarter worth $33,000. UMB Bank n.a. lifted its stake in Rexford Industrial Realty by 38.9% in the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Rexford Industrial Realty by 515.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in Rexford Industrial Realty in the 4th quarter worth $65,000. Finally, SRS Capital Advisors Inc. lifted its stake in Rexford Industrial Realty by 4,104.5% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on REXR shares. JPMorgan Chase & Co. reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Scotiabank decreased their target price on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday. Robert W. Baird decreased their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays cut their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th. Two 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.17.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $33.61 on Thursday. The stock’s fifty day moving average is $39.31 and its 200-day moving average is $41.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $7.66 billion, a PE ratio of 27.77, a PEG ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) 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%. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) 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.