Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Versor Investments LP

Versor Investments LP lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 111.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,800 shares of the real estate investment trust’s stock after buying an additional 7,800 shares during the period. Versor Investments LP’s holdings in Rexford Industrial Realty were worth $745,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Capital International Investors grew its holdings in shares of Rexford Industrial Realty by 687.7% during the first quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust’s stock valued at $985,411,000 after purchasing an additional 17,103,653 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Rexford Industrial Realty by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust’s stock worth $1,002,654,000 after buying an additional 4,197,907 shares during the period. Canada Pension Plan Investment Board lifted its stake in Rexford Industrial Realty by 262.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,237,288 shares of the real estate investment trust’s stock valued at $112,536,000 after buying an additional 1,620,378 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Rexford Industrial Realty by 38.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,907,560 shares of the real estate investment trust’s stock valued at $129,648,000 after acquiring an additional 800,137 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Rexford Industrial Realty by 2.6% during the first quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust’s stock worth $1,495,668,000 after acquiring an additional 753,098 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 3.2 %

NYSE:REXR opened at $41.39 on Wednesday. The stock has a fifty day simple moving average of $47.41 and a 200 day simple moving average of $47.10. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. Rexford Industrial Realty, Inc. has a 1-year low of $41.36 and a 1-year high of $58.02. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty (NYSE:REXR) last released its 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). The firm had revenue of $241.84 million during the quarter, compared to analysts’ expectations of $235.81 million. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The business’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned $0.56 earnings per share. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 annualized dividend and a dividend yield of 4.03%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 135.77%.

Insider Activity

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on REXR. JPMorgan Chase & Co. boosted 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. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a report on Friday, October 18th. Wells Fargo & Company cut their target price on Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $48.00 in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.09.

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.