Frontier Capital Management Co. LLC Acquires 25,561 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Frontier Capital Management Co. LLC boosted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 10.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 269,072 shares of the real estate investment trust’s stock after purchasing an additional 25,561 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.12% of Rexford Industrial Realty worth $10,402,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in REXR. Quantbot Technologies LP acquired a new position in shares of Rexford Industrial Realty during the 4th quarter valued at $33,000. UMB Bank n.a. increased its holdings 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 acquiring an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rexford Industrial Realty by 515.7% during 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 purchasing an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Rexford Industrial Realty in the 4th quarter worth $65,000. Finally, SRS Capital Advisors Inc. grew its position 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 valued at $107,000 after purchasing an additional 2,709 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

REXR has been the topic of a number of analyst reports. Barclays lowered their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Scotiabank decreased their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, April 7th. JPMorgan Chase & Co. dropped their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Robert W. Baird set a $43.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $42.18.

Rexford Industrial Realty Trading Up 1.0 %

Shares of REXR stock opened at $34.19 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a market cap of $8.09 billion, a P/E ratio of 28.26, a PEG ratio of 2.62 and a beta of 1.12. The company has a 50 day moving average of $36.02 and a 200-day moving average of $39.15. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last issued its 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 return on equity of 3.26% and a net margin of 29.10%. The firm had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 138.71%.

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.