Boothbay Fund Management LLC Purchases 16,972 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Boothbay Fund Management LLC grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 219,272 shares of the real estate investment trust's stock after acquiring an additional 16,972 shares during the quarter. Boothbay Fund Management LLC owned 0.10% of Rexford Industrial Realty worth $8,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of REXR. Quantbot Technologies LP acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $33,000. UMB Bank n.a. increased its stake in 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 valued at $39,000 after acquiring an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Rexford Industrial Realty by 515.7% in 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 bought a new stake in Rexford Industrial Realty in the fourth quarter valued at about $65,000. Finally, SRS Capital Advisors Inc. increased its stake in Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 2,709 shares during the period. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on REXR. Evercore ISI lowered their target price on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Mizuho lowered their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Barclays lowered their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Finally, Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $42.55.

Rexford Industrial Realty Price Performance

Shares of REXR stock traded up $0.21 during trading hours on Thursday, reaching $33.31. 494,851 shares of the company were exchanged, compared to its average volume of 2,424,098. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The stock's fifty day moving average is $36.98 and its two-hundred day moving average is $39.76. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 27.52, a P/E/G ratio of 2.62 and a beta of 0.99. 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 (NYSE:REXR - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $246.74 million. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.16%. Rexford Industrial Realty's dividend payout ratio is 138.71%.

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.