53,564 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 53,564 shares of the real estate investment trust's stock, valued at approximately $2,071,000.

Several other large investors also recently bought and sold shares of the business. Nan Shan Life Insurance Co. Ltd. increased its holdings in Rexford Industrial Realty by 34.6% in the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 517,579 shares of the real estate investment trust's stock worth $20,010,000 after buying an additional 133,068 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Rexford Industrial Realty in the 4th quarter worth about $961,000. LRT Capital Management LLC bought a new stake in Rexford Industrial Realty in the 4th quarter worth about $860,000. Janus Henderson Group PLC boosted its position in Rexford Industrial Realty by 18.5% in the fourth quarter. Janus Henderson Group PLC now owns 143,784 shares of the real estate investment trust's stock worth $5,558,000 after purchasing an additional 22,428 shares during the last quarter. Finally, GRS Advisors LLC boosted its position in Rexford Industrial Realty by 1.8% in the fourth quarter. GRS Advisors LLC now owns 1,188,145 shares of the real estate investment trust's stock worth $45,934,000 after purchasing an additional 20,525 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $35.74 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.61. The company has a market capitalization of $8.46 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.62 and a beta of 1.12. The firm's 50 day simple moving average is $35.53 and its two-hundred day simple moving average is $38.85.

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

Rexford Industrial Realty Announces Dividend

The firm also recently declared 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 4.81%. Rexford Industrial Realty's dividend payout ratio is presently 138.71%.

Analysts Set New Price Targets

Several research analysts have issued reports on REXR shares. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a research report on Tuesday, May 6th. JPMorgan Chase & Co. dropped their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research report on Tuesday, March 25th. Truist Financial dropped their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Barclays reduced their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $42.00.

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.

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