Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 49.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,913 shares of the real estate investment trust’s stock after purchasing an additional 965 shares during the period. Advisors Asset Management Inc.’s holdings in Rexford Industrial Realty were worth $147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Rexford Industrial Realty during the 3rd quarter valued at $2,225,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Rexford Industrial Realty during the third quarter valued at $3,376,000. Napa Wealth Management raised its position in Rexford Industrial Realty by 15.4% during the third quarter. Napa Wealth Management now owns 6,225 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 831 shares during the period. Quest Partners LLC purchased a new stake in Rexford Industrial Realty in the 3rd quarter worth about $449,000. Finally, Thrivent Financial for Lutherans boosted its position in Rexford Industrial Realty by 160.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 270,164 shares of the real estate investment trust’s stock worth $13,592,000 after acquiring an additional 166,604 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a report on Friday, October 18th. Mizuho decreased their target price on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Bank of America lowered Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Scotiabank downgraded Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $51.09.

Rexford Industrial Realty Stock Down 1.1 %

REXR opened at $42.08 on Friday. The firm has a market cap of $9.36 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 2.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The business has a 50 day moving average price of $45.27 and a 200 day moving average price of $46.89. Rexford Industrial Realty, Inc. has a twelve month low of $41.16 and a twelve month high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). The firm had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 135.77%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

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.