Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXRGet Rating) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,952,063 shares of the real estate investment trust’s stock after purchasing an additional 41,866 shares during the quarter. Invesco Ltd. owned about 3.61% of Rexford Industrial Realty worth $443,964,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in shares of Rexford Industrial Realty by 411.2% in the 1st quarter. CWM LLC now owns 455 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 366 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Rexford Industrial Realty by 197.6% in the 1st quarter. Quadrant Capital Group LLC now owns 750 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 498 shares during the period. Archer Investment Corp acquired a new position in shares of Rexford Industrial Realty in the 1st quarter valued at about $60,000. JJJ Advisors Inc. lifted its holdings in shares of Rexford Industrial Realty by 38.9% in the 1st quarter. JJJ Advisors Inc. now owns 1,124 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 315 shares during the period. Finally, FourThought Financial LLC lifted its holdings in shares of Rexford Industrial Realty by 11.8% in the 1st quarter. FourThought Financial LLC now owns 1,705 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 99.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Rexford Industrial Realty in a report on Tuesday, June 21st. They issued a “market perform” rating and a $63.00 price objective for the company. Wells Fargo & Company lifted their price target on Rexford Industrial Realty from $74.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, August 11th. Robert W. Baird lifted their price target on Rexford Industrial Realty from $87.00 to $89.00 in a research note on Friday, July 22nd. StockNews.com lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Finally, Jefferies Financial Group cut their price target on Rexford Industrial Realty from $89.00 to $73.00 in a research note on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $77.80.

Insider Transactions at Rexford Industrial Realty

In other news, CEO Howard Schwimmer sold 16,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $59.90, for a total transaction of $988,350.00. Following the transaction, the chief executive officer now directly owns 84,472 shares in the company, valued at approximately $5,059,872.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 48,252 shares of company stock worth $3,009,629 in the last ninety days. Insiders own 1.50% of the company’s stock.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $64.89 on Monday. Rexford Industrial Realty, Inc. has a 12 month low of $55.84 and a 12 month high of $84.68. The stock has a 50 day moving average of $63.29 and a two-hundred day moving average of $67.17. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.10 billion, a P/E ratio of 68.31, a price-to-earnings-growth ratio of 2.97 and a beta of 0.77.

Rexford Industrial Realty (NYSE:REXRGet Rating) last posted its quarterly earnings data on Wednesday, July 20th. The real estate investment trust reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Rexford Industrial Realty had a return on equity of 3.17% and a net margin of 29.79%. The firm had revenue of $149.12 million for the quarter, compared to analysts’ expectations of $149.21 million. During the same quarter last year, the firm posted $0.39 earnings per share. Rexford Industrial Realty’s quarterly revenue was up 42.9% on a year-over-year basis. On average, analysts expect that Rexford Industrial Realty, Inc. will post 1.93 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.315 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.26 annualized dividend and a yield of 1.94%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 132.63%.

Rexford Industrial Realty Company Profile

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Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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