Rexford Industrial Realty Inc (REXR) Shares Bought by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC raised its position in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) by 16.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,130 shares of the company’s stock after purchasing an additional 8,632 shares during the period. Parametric Portfolio Associates LLC owned about 0.09% of Rexford Industrial Realty worth $1,705,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REXR. Victory Capital Management Inc. raised its position in Rexford Industrial Realty by 1.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the company’s stock valued at $103,000 after purchasing an additional 71 shares in the last quarter. Advisor Group Inc. raised its position in Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the company’s stock valued at $103,000 after purchasing an additional 453 shares in the last quarter. SG Americas Securities LLC bought a new stake in Rexford Industrial Realty during the 1st quarter valued at $114,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Rexford Industrial Realty by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the company’s stock valued at $131,000 after purchasing an additional 469 shares in the last quarter. Finally, GAM Holding AG raised its position in Rexford Industrial Realty by 7.5% during the 2nd quarter. GAM Holding AG now owns 5,712 shares of the company’s stock valued at $157,000 after purchasing an additional 400 shares in the last quarter.

A number of equities research analysts have weighed in on REXR shares. National Securities raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $32.00 in a research report on Tuesday, August 29th. BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $33.00 target price (up from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. Zacks Investment Research raised Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Thursday, August 31st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $34.00 target price (up from $32.00) on shares of Rexford Industrial Realty in a research report on Thursday, August 24th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $30.60.

Rexford Industrial Realty Inc (NASDAQ:REXR) opened at $30.06 on Friday. Rexford Industrial Realty Inc has a fifty-two week low of $20.05 and a fifty-two week high of $30.66.

Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a return on equity of 0.22% and a net margin of 4.64%. The business had revenue of $43.30 million for the quarter, compared to the consensus estimate of $41.77 million. During the same period last year, the business posted $0.22 EPS. The business’s revenue was up 30.0% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.93%.

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About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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Institutional Ownership by Quarter for Rexford Industrial Realty (NASDAQ:REXR)

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