Teacher Retirement System of Texas Boosts Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Teacher Retirement System of Texas increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 198.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,028 shares of the real estate investment trust’s stock after purchasing an additional 25,945 shares during the period. Teacher Retirement System of Texas’ holdings in Rexford Industrial Realty were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in Rexford Industrial Realty by 332.9% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 566 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 118.4% in the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Private Trust Co. NA increased its stake in Rexford Industrial Realty by 95.6% during the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 370 shares during the period. Quantbot Technologies LP purchased a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $33,000. Finally, GAMMA Investing LLC increased its stake in Rexford Industrial Realty by 211.2% during the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 978 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.4%

REXR stock opened at $37.06 on Friday. The company has a fifty day moving average price of $35.86 and a 200 day moving average price of $37.36. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The company has a market cap of $8.77 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 3.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.90 and a quick ratio of 4.90.

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

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.64%. Rexford Industrial Realty’s dividend payout ratio is presently 138.71%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Evercore ISI lowered their price target on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, April 21st. Scotiabank lowered their price target on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, May 12th. Barclays lowered their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, May 19th. Two equities 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.00.

Rexford Industrial Realty Company 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.