US Bancorp DE Has $285,000 Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

US Bancorp DE boosted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 65.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,278 shares of the real estate investment trust’s stock after purchasing an additional 2,870 shares during the period. US Bancorp DE’s holdings in Rexford Industrial Realty were worth $285,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Rexford Industrial Realty by 332.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 566 shares during the period. Bessemer Group Inc. raised its holdings in 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 valued at $29,000 after acquiring an additional 405 shares during the period. Private Trust Co. NA raised its holdings in Rexford Industrial Realty by 95.6% in the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 370 shares during the period. GAMMA Investing LLC raised its holdings in Rexford Industrial Realty by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 978 shares during the period. Finally, UMB Bank n.a. raised its holdings in Rexford Industrial Realty by 188.0% in the 1st quarter. UMB Bank n.a. now owns 2,877 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,878 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REXR. JPMorgan Chase & Co. lowered their price target on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Evercore ISI cut shares of Rexford Industrial Realty from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $39.00 to $38.00 in a report on Friday, July 18th. Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Finally, Scotiabank lowered their target price on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating on the stock in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $39.82.

Rexford Industrial Realty Stock Performance

Shares of NYSE:REXR opened at $37.81 on Friday. The company’s 50 day simple moving average is $36.79 and its 200 day simple moving average is $37.01. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 28.01, a price-to-earnings-growth ratio of 4.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.59 and a quick ratio of 5.59. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The business had revenue of $241.57 million for the quarter, compared to analysts’ expectations of $251.72 million. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. As a group, research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 127.41%.

Insider Transactions at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $36.87, for a total value of $975,174.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

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.