10,000 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Purchased by RBF Capital LLC

RBF Capital LLC acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Rexford Industrial Realty by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust’s stock valued at $1,157,170,000 after buying an additional 562,710 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after acquiring an additional 954,202 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Rexford Industrial Realty by 32.3% during the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust’s stock worth $173,667,000 after acquiring an additional 1,097,349 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rexford Industrial Realty by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust’s stock worth $160,282,000 after acquiring an additional 70,710 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Rexford Industrial Realty by 0.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust’s stock valued at $130,180,000 after purchasing an additional 28,079 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on REXR shares. Robert W. Baird dropped their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective for the company. Mizuho decreased their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays cut their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. decreased 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 report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus target price of $44.64.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $33.04 on Thursday. The firm has a market capitalization of $7.80 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. 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, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The business’s 50-day moving average price is $37.72 and its 200-day moving average price is $40.23.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million for the quarter, compared to analysts’ expectations of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 5.21%. Rexford Industrial Realty’s payout ratio is 138.71%.

Rexford Industrial Realty Company 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.