Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 211.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,441 shares of the real estate investment trust’s stock after acquiring an additional 978 shares during the quarter. GAMMA Investing LLC’s holdings in Rexford Industrial Realty were worth $56,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vert Asset Management LLC lifted its position in Rexford Industrial Realty by 7.7% in the first quarter. Vert Asset Management LLC now owns 105,484 shares of the real estate investment trust’s stock valued at $4,130,000 after buying an additional 7,517 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in Rexford Industrial Realty in the first quarter valued at about $203,000. Park Avenue Securities LLC lifted its position in Rexford Industrial Realty by 9.6% in the first quarter. Park Avenue Securities LLC now owns 9,255 shares of the real estate investment trust’s stock valued at $362,000 after buying an additional 811 shares during the last quarter. UMB Bank n.a. lifted its position in Rexford Industrial Realty by 188.0% in the first quarter. UMB Bank n.a. now owns 2,877 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,878 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in Rexford Industrial Realty by 4.2% in the first quarter. Rhumbline Advisers now owns 708,030 shares of the real estate investment trust’s stock valued at $27,719,000 after buying an additional 28,213 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR opened at $36.85 on Thursday. The business’s 50 day moving average is $35.73 and its two-hundred day moving average is $37.38. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 29.72, a PEG ratio of 3.39 and a beta of 1.13. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 28.96%. Analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.67%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 138.71%.

Analysts Set New Price Targets

A number of analysts have issued reports on REXR shares. Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, May 19th. Scotiabank cut their price target on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating on the stock in a research note on Monday, May 12th. Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial cut their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $40.00.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.