International Assets Investment Management LLC Has $173,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

International Assets Investment Management LLC lifted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 5,510.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,086 shares of the real estate investment trust’s stock after buying an additional 3,031 shares during the quarter. International Assets Investment Management LLC’s holdings in Rexford Industrial Realty were worth $173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Xponance Inc. raised its holdings in Rexford Industrial Realty by 1.5% in the 3rd quarter. Xponance Inc. now owns 24,917 shares of the real estate investment trust’s stock valued at $1,230,000 after acquiring an additional 359 shares during the period. Arizona State Retirement System lifted its holdings in Rexford Industrial Realty by 0.7% during the 4th quarter. Arizona State Retirement System now owns 57,624 shares of the real estate investment trust’s stock worth $3,233,000 after purchasing an additional 407 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Rexford Industrial Realty by 1.4% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 30,244 shares of the real estate investment trust’s stock worth $1,493,000 after purchasing an additional 408 shares during the last quarter. Fifth Third Bancorp boosted its stake in Rexford Industrial Realty by 58.2% in the 3rd quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 411 shares during the period. Finally, Toronto Dominion Bank grew its holdings in Rexford Industrial Realty by 2.0% in the 3rd quarter. Toronto Dominion Bank now owns 23,203 shares of the real estate investment trust’s stock valued at $1,145,000 after buying an additional 465 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $43.20 on Monday. The company has a quick ratio of 1.35, a current ratio of 3.21 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $9.41 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. Rexford Industrial Realty, Inc. has a twelve month low of $41.56 and a twelve month high of $58.02. The stock’s 50-day simple moving average is $49.30 and its 200 day simple moving average is $50.44.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data 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). Rexford Industrial Realty had a return on equity of 3.04% and a net margin of 28.84%. The company had revenue of $214.10 million for the quarter, compared to analyst estimates of $207.39 million. During the same quarter in the prior year, the company earned $0.52 earnings per share. Rexford Industrial Realty’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, 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. Investors of record on Friday, June 28th will be issued a dividend of $0.417 per share. This represents a $1.67 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, June 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 153.21%.

Insider Buying and Selling

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 18,113 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.69, for a total value of $954,373.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Mizuho reissued a “neutral” rating and issued a $52.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, April 2nd. Barclays raised their target price on shares of Rexford Industrial Realty from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Tuesday, April 23rd. Wedbush started coverage on Rexford Industrial Realty in a research note on Monday, April 22nd. They issued a “neutral” rating and a $45.00 price target for the company. Truist Financial reduced their price target on Rexford Industrial Realty from $57.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, April 16th. Finally, TheStreet upgraded Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $54.73.

Rexford Industrial Realty Company Profile

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.