Nomura Holdings Inc. Purchases Shares of 53,564 Rexford Industrial Realty, Inc. (NYSE:REXR)

Nomura Holdings Inc. purchased a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 53,564 shares of the real estate investment trust's stock, valued at approximately $2,071,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Rexford Industrial Realty by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock worth $1,157,170,000 after acquiring an additional 562,710 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after purchasing an additional 954,202 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of Rexford Industrial Realty by 32.3% during the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock worth $173,667,000 after purchasing an additional 1,097,349 shares during the period. Geode Capital Management LLC grew its stake in shares of Rexford Industrial Realty by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock worth $160,282,000 after purchasing an additional 70,710 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Rexford Industrial Realty by 0.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock valued at $130,180,000 after purchasing an additional 28,079 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Up 0.9%

Shares of NYSE:REXR traded up $0.29 during midday trading on Thursday, reaching $34.31. 680,506 shares of the company were exchanged, compared to its average volume of 1,952,651. The firm has a market cap of $8.12 billion, a PE ratio of 28.33, a P/E/G ratio of 2.62 and a beta of 1.12. The stock has a fifty day simple moving average of $35.27 and a two-hundred day simple moving average of $38.68. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.01%. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

Analyst Upgrades and Downgrades

REXR has been the topic of a number of recent analyst reports. Barclays reduced their target price 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. Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday. Scotiabank decreased their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Evercore ISI reduced their price target on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price objective 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $40.00.

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.