AMP Capital Investors Ltd boosted its holdings in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 142.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,475 shares of the real estate investment trust’s stock after buying an additional 14,400 shares during the quarter. AMP Capital Investors Ltd’s holdings in Rexford Industrial Realty were worth $700,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Bank of Montreal Can grew its position in shares of Rexford Industrial Realty by 209.8% in the second quarter. Bank of Montreal Can now owns 10,492 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 7,105 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Rexford Industrial Realty by 90.8% in the second quarter. Aperio Group LLC now owns 18,443 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 8,776 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Rexford Industrial Realty by 7.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 625,509 shares of the real estate investment trust’s stock valued at $17,164,000 after buying an additional 45,635 shares during the period. Rhumbline Advisers lifted its stake in shares of Rexford Industrial Realty by 4.9% in the second quarter. Rhumbline Advisers now owns 90,574 shares of the real estate investment trust’s stock valued at $2,485,000 after buying an additional 4,266 shares during the period. Finally, State of Wisconsin Investment Board bought a new stake in shares of Rexford Industrial Realty in the second quarter valued at about $424,000. 99.85% of the stock is currently owned by hedge funds and other institutional investors.
Rexford Industrial Realty Inc (NYSE REXR) traded down $0.07 during trading hours on Friday, hitting $28.38. 186,968 shares of the stock were exchanged, compared to its average volume of 478,141. Rexford Industrial Realty Inc has a 52 week low of $21.34 and a 52 week high of $31.71. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $2,216.22, a PE ratio of 66.00, a P/E/G ratio of 3.42 and a beta of 0.77.
Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The company had revenue of $43.30 million during the quarter, compared to analysts’ expectations of $41.77 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. Rexford Industrial Realty’s quarterly revenue was up 30.0% compared to the same quarter last year. analysts anticipate that Rexford Industrial Realty Inc will post 0.96 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio is currently 134.89%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, January 4th. Jefferies Group reiterated a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 26th. Citigroup increased their target price on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, BidaskClub cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $30.78.
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Rexford Industrial Realty Company Profile
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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