California State Teachers Retirement System Sells 541 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

California State Teachers Retirement System trimmed its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,456 shares of the real estate investment trust’s stock after selling 541 shares during the quarter. California State Teachers Retirement System’s holdings in Rexford Industrial Realty were worth $7,943,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Utah Retirement Systems increased its position in Rexford Industrial Realty by 0.8% during the fourth quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust’s stock worth $1,392,000 after acquiring an additional 300 shares during the period. CIBC Asset Management Inc increased its holdings in Rexford Industrial Realty by 5.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 355 shares during the period. Exchange Traded Concepts LLC increased its holdings in Rexford Industrial Realty by 13.2% in 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 during the period. Isthmus Partners LLC increased its holdings in Rexford Industrial Realty by 7.3% in the 4th quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 469 shares during the period. Finally, Quarry LP increased its holdings in Rexford Industrial Realty by 18.3% in the 4th quarter. Quarry LP now owns 3,135 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 486 shares during the period. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Trading Down 0.1%

Shares of Rexford Industrial Realty stock opened at $35.29 on Friday. The firm has a market capitalization of $8.35 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $34.57 and its 200 day moving average is $38.29. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61.

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

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 4.87%. Rexford Industrial Realty’s dividend payout ratio is presently 138.71%.

Analyst Ratings Changes

Several research firms have commented on REXR. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Scotiabank decreased their target price on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Wells Fargo & Company decreased their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 19th. Truist Financial decreased their price target on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Evercore ISI decreased their price target on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, April 21st. Two equities research 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, the company has a consensus rating of “Hold” and a consensus target price of $40.00.

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.