Quadrature Capital Ltd Makes New $1.31 Million Investment in Rexford Industrial Realty, Inc. (NYSE:REXR)

Quadrature Capital Ltd purchased a new position in Rexford Industrial Realty, Inc. (NYSE:REXRFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,397 shares of the real estate investment trust’s stock, valued at approximately $1,312,000.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in Rexford Industrial Realty by 139.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 232,848 shares of the real estate investment trust’s stock worth $11,491,000 after purchasing an additional 135,627 shares during the period. Tower Research Capital LLC TRC increased its stake in Rexford Industrial Realty by 116.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 46,150 shares of the real estate investment trust’s stock worth $2,589,000 after purchasing an additional 24,793 shares during the period. Pacer Advisors Inc. increased its stake in shares of Rexford Industrial Realty by 12.8% during the fourth quarter. Pacer Advisors Inc. now owns 207,609 shares of the real estate investment trust’s stock valued at $11,647,000 after buying an additional 23,510 shares during the period. GSI Capital Advisors LLC increased its stake in shares of Rexford Industrial Realty by 45.0% during the fourth quarter. GSI Capital Advisors LLC now owns 191,054 shares of the real estate investment trust’s stock valued at $10,718,000 after buying an additional 59,320 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $3,327,000. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank reduced their target price on Rexford Industrial Realty from $55.00 to $51.00 and set a “sector outperform” rating on the stock in a research note on Thursday, May 16th. Robert W. Baird reduced their target price on Rexford Industrial Realty from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 1st. Mizuho reduced their target price on Rexford Industrial Realty from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Truist Financial reduced their target price on Rexford Industrial Realty from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Barclays boosted their target price on Rexford Industrial Realty from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.82.

View Our Latest Stock Analysis on Rexford Industrial Realty

Rexford Industrial Realty Trading Down 0.1 %

Rexford Industrial Realty stock opened at $44.08 on Tuesday. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 0.41. The business’s fifty day simple moving average is $45.03 and its two-hundred day simple moving average is $50.24. 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 capitalization of $9.60 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXRGet Free Report) last released its earnings results on Thursday, April 18th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $207.39 million. During the same period last year, the firm posted $0.52 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. As a group, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.417 dividend. This represents a $1.67 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, June 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 153.21%.

About Rexford Industrial Realty

(Free Report)

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.

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

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