Baillie Gifford & Co. Sells 236,431 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Baillie Gifford & Co. decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 96.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,245 shares of the real estate investment trust’s stock after selling 236,431 shares during the period. Baillie Gifford & Co.’s holdings in Rexford Industrial Realty were worth $357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 280 shares during the period. Archer Investment Corp raised its stake in Rexford Industrial Realty by 61.5% during the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 800 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 371 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter valued at approximately $129,000. Finally, International Assets Investment Management LLC raised its position in shares of Rexford Industrial Realty by 4,835.8% during the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,563 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Up 1.6 %

Shares of REXR opened at $40.99 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.30. The company’s fifty day moving average is $39.58 and its 200 day moving average is $44.41. The stock has a market capitalization of $9.12 billion, a PE ratio of 33.88, a P/E/G ratio of 2.28 and a beta of 0.95. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $53.88.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.20%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s payout ratio is presently 138.02%.

Wall Street Analysts Forecast Growth

REXR has been the topic of several recent analyst reports. Scotiabank cut 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. Barclays reduced 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. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, Mizuho reduced their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.75.

Rexford Industrial Realty 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.