State of Alaska Department of Revenue Has $5.08 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

State of Alaska Department of Revenue boosted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,519 shares of the real estate investment trust’s stock after purchasing an additional 1,210 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Rexford Industrial Realty worth $5,083,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 447 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Rexford Industrial Realty by 111.7% during the third quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 976 shares in the last quarter. Archer Investment Corp grew its stake in Rexford Industrial Realty by 61.5% in the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 800 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Rexford Industrial Realty in the third quarter valued at about $129,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Rexford Industrial Realty by 4,835.8% in the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,563 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on REXR. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Truist Financial reduced their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Barclays cut their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.42.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $39.56 on Friday. Rexford Industrial Realty, Inc. has a 52-week low of $36.92 and a 52-week high of $53.88. The company has a market cap of $8.80 billion, a P/E ratio of 32.16, a P/E/G ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50-day simple moving average is $39.73 and its 200 day simple moving average is $44.91.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.43 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.35%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) 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.