Resolution Capital Ltd Invests $52.03 Million in Rexford Industrial Realty, Inc. (NYSE:REXR)

Resolution Capital Ltd bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,345,700 shares of the real estate investment trust's stock, valued at approximately $52,025,000. Rexford Industrial Realty makes up about 0.9% of Resolution Capital Ltd's portfolio, making the stock its 21st biggest position. Resolution Capital Ltd owned 0.61% of Rexford Industrial Realty as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of REXR. Quantbot Technologies LP acquired a new position in shares of Rexford Industrial Realty in the fourth quarter worth about $33,000. UMB Bank n.a. grew its stake 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 acquiring an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Rexford Industrial Realty by 515.7% during 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 acquiring an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $65,000. Finally, SRS Capital Advisors Inc. boosted its stake in Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,709 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a report on Tuesday, May 6th. Barclays decreased their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and an average price target of $40.00.

Rexford Industrial Realty Trading Down 0.6%

Shares of NYSE:REXR traded down $0.22 on Tuesday, reaching $35.38. 389,633 shares of the company traded hands, compared to its average volume of 2,376,687. The stock has a market capitalization of $8.37 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The business's 50-day simple moving average is $35.47 and its 200 day simple moving average is $38.74. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The firm had revenue of $248.82 million for the quarter, compared to analysts' expectations of $246.74 million. As a group, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.86%. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

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.