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

Xponance Inc. increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 25,444 shares of the real estate investment trust’s stock after buying an additional 527 shares during the quarter. Xponance Inc.’s holdings in Rexford Industrial Realty were worth $1,427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA lifted its stake in shares of Rexford Industrial Realty by 103.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,591,399 shares of the real estate investment trust’s stock valued at $78,536,000 after buying an additional 808,134 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 267.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,003,426 shares of the real estate investment trust’s stock worth $49,519,000 after purchasing an additional 730,424 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Rexford Industrial Realty by 191.7% during the third quarter. Kennedy Capital Management LLC now owns 342,487 shares of the real estate investment trust’s stock worth $16,902,000 after purchasing an additional 225,064 shares during the last quarter. UBS Group AG grew its position in shares of Rexford Industrial Realty by 240.7% in the third quarter. UBS Group AG now owns 314,157 shares of the real estate investment trust’s stock valued at $15,504,000 after purchasing an additional 221,951 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Rexford Industrial Realty by 15.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,669,572 shares of the real estate investment trust’s stock valued at $93,663,000 after purchasing an additional 218,055 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 2.7 %

Shares of NYSE REXR opened at $42.54 on Thursday. The stock has a fifty day moving average price of $49.70 and a 200 day moving average price of $50.51. The company has a current ratio of 3.21, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41. Rexford Industrial Realty, Inc. has a 12-month low of $41.56 and a 12-month high of $58.02. The company has a market cap of $9.27 billion, a P/E ratio of 39.03, a P/E/G ratio of 1.92 and a beta of 0.86.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 18th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.30). The company had revenue of $214.10 million during the quarter, compared to analyst estimates of $207.39 million. Rexford Industrial Realty had a net margin of 28.84% and a return on equity of 3.04%. Rexford Industrial Realty’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS. Research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.33 EPS for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.417 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.92%. Rexford Industrial Realty’s dividend payout ratio is currently 153.21%.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 18,113 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.69, for a total transaction of $954,373.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Barclays raised their price target on Rexford Industrial Realty from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 price target for the company. in a research report on Wednesday, February 7th. Mizuho reiterated a “neutral” rating and issued a $52.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, April 2nd. Robert W. Baird restated a “neutral” rating and set a $61.00 price objective (up from $53.00) on shares of Rexford Industrial Realty in a report on Friday, January 5th. Finally, TheStreet upgraded Rexford Industrial Realty from a “c+” rating to a “b-” rating in a report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $54.73.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.