Rexford Industrial Realty, Inc. (NYSE:REXR) Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,682 shares of the real estate investment trust’s stock after acquiring an additional 64,264 shares during the period. Asset Management One Co. Ltd.’s holdings in Rexford Industrial Realty were worth $23,730,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in REXR. Fulton Bank N.A. raised its stake in shares of Rexford Industrial Realty by 4.7% during the third quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 224 shares in the last quarter. Inspire Investing LLC raised its position in shares of Rexford Industrial Realty by 4.9% during the 1st quarter. Inspire Investing LLC now owns 7,126 shares of the real estate investment trust’s stock worth $358,000 after buying an additional 331 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Rexford Industrial Realty by 2.4% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,641 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 337 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Rexford Industrial Realty by 0.8% in the second quarter. Victory Capital Management Inc. now owns 46,066 shares of the real estate investment trust’s stock valued at $2,054,000 after acquiring an additional 345 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Rexford Industrial Realty by 169.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 349 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CFO Laura E. Clark sold 14,185 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on REXR. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research report on Friday, October 18th. Truist Financial raised their target price on Rexford Industrial Realty from $50.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Wells Fargo & Company dropped their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Scotiabank lowered shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their target price on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.45.

Rexford Industrial Realty Stock Up 1.5 %

Shares of NYSE:REXR opened at $43.17 on Tuesday. The firm has a 50 day simple moving average of $48.41 and a 200 day simple moving average of $47.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. Rexford Industrial Realty, Inc. has a 52 week low of $41.89 and a 52 week high of $58.02. The company has a market cap of $9.60 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 2.03 and a beta of 0.94.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.28). Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The business had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.4175 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 3.87%. Rexford Industrial Realty’s payout ratio is 135.77%.

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.