Archer Investment Corp Has $106,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Archer Investment Corp raised its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 61.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,100 shares of the real estate investment trust’s stock after acquiring an additional 800 shares during the period. Archer Investment Corp’s holdings in Rexford Industrial Realty were worth $106,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in REXR. Capital International Investors lifted its stake in Rexford Industrial Realty by 687.7% in 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 buying an additional 17,103,653 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Rexford Industrial Realty by 26.7% during 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 purchasing an additional 4,197,907 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Rexford Industrial Realty by 262.7% in the 1st 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 period. Massachusetts Financial Services Co. MA increased its position in shares of Rexford Industrial Realty by 38.0% in the 2nd 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 buying an additional 800,137 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in 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 in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Scotiabank downgraded shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $55.00 to $48.00 in a report on Friday, October 25th. StockNews.com cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price target for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Mizuho decreased their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Finally, Wells Fargo & Company cut their price objective 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. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.09.

Insider Activity

In other news, CFO Laura E. Clark sold 14,185 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $42.01 on Friday. The firm’s fifty day moving average price is $46.92 and its two-hundred day moving average price is $47.02. Rexford Industrial Realty, Inc. has a 1 year low of $41.16 and a 1 year high of $58.02. The firm has a market capitalization of $9.34 billion, a P/E ratio of 34.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) 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 analyst estimates of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. As a group, research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.4175 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.98%. Rexford Industrial Realty’s dividend payout ratio is currently 135.77%.

Rexford Industrial Realty Profile

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.