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

Ossiam lifted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXRFree Report) by 11.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,599 shares of the real estate investment trust’s stock after acquiring an additional 2,542 shares during the quarter. Ossiam’s holdings in Rexford Industrial Realty were worth $1,436,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in Rexford Industrial Realty by 20.0% in the third quarter. Shell Asset Management Co. now owns 4,540 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 758 shares during the period. Van ECK Associates Corp lifted its stake in shares of Rexford Industrial Realty by 6.1% in the 3rd quarter. Van ECK Associates Corp now owns 68,309 shares of the real estate investment trust’s stock valued at $3,371,000 after purchasing an additional 3,907 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in Rexford Industrial Realty by 5.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,323 shares of the real estate investment trust’s stock worth $904,000 after buying an additional 983 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in Rexford Industrial Realty by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 116,569 shares of the real estate investment trust’s stock valued at $5,753,000 after buying an additional 1,880 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Rexford Industrial Realty in the third quarter valued at $10,735,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on REXR. Robert W. Baird lowered their target price on shares of 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. Truist Financial dropped their price objective on Rexford Industrial Realty from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Mizuho reduced their target price on Rexford Industrial Realty from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Scotiabank decreased 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 report on Thursday, May 16th. Finally, Wedbush initiated coverage on shares of Rexford Industrial Realty in a report on Monday, April 22nd. They issued a “neutral” rating and a $45.00 price target for the company. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $52.82.

Read Our Latest Stock Analysis on Rexford Industrial Realty

Rexford Industrial Realty Stock Down 0.1 %

REXR 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 firm has a 50-day moving average of $45.03 and a two-hundred day moving average of $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 cap of $9.60 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 1.78 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXRGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.30). The company had revenue of $214.10 million for the quarter, compared to analysts’ expectations of $207.39 million. Rexford Industrial Realty had a return on equity of 3.04% and a net margin of 28.84%. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.417 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.67 annualized dividend and a dividend yield of 3.78%. Rexford Industrial Realty’s payout ratio is 153.21%.

Rexford Industrial Realty Profile

(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.

See Also

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

Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.