Nomura Asset Management Co. Ltd. Has $11.56 Million Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Nomura Asset Management Co. Ltd. grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 5.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 299,041 shares of the real estate investment trust’s stock after acquiring an additional 16,640 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Rexford Industrial Realty worth $11,561,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Quantbot Technologies LP bought a new position in Rexford Industrial Realty during the 4th quarter worth $33,000. UMB Bank n.a. increased its position in shares of Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,248 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,709 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in 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 worth $123,000 after buying an additional 371 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on REXR shares. Barclays cut their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price target for the company. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research note on Tuesday, March 25th. Finally, Scotiabank lowered their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.83.

Rexford Industrial Realty Trading Down 1.4 %

Shares of NYSE REXR opened at $39.37 on Monday. The stock has a market cap of $8.97 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The firm has a 50 day moving average price of $40.35 and a two-hundred day moving average price of $42.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a 52-week low of $36.92 and a 52-week high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.37%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s payout ratio is 142.15%.

Rexford Industrial Realty Company 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.