BROOKFIELD Corp ON Buys 185,503 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

BROOKFIELD Corp ON grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 67.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 460,551 shares of the real estate investment trust's stock after purchasing an additional 185,503 shares during the period. BROOKFIELD Corp ON owned about 0.21% of Rexford Industrial Realty worth $17,805,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 280 shares during the period. Utah Retirement Systems raised its stake in shares of Rexford Industrial Realty by 0.8% during the fourth quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust's stock worth $1,392,000 after buying an additional 300 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Rexford Industrial Realty by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust's stock valued at $254,000 after buying an additional 355 shares during the period. Exchange Traded Concepts LLC boosted its stake in Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 371 shares during the last quarter. Finally, Isthmus Partners LLC grew its holdings in Rexford Industrial Realty by 7.3% during the 4th quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust's stock worth $266,000 after acquiring an additional 469 shares during the period. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Up 1.0 %

Rexford Industrial Realty stock traded up $0.34 during mid-day trading on Friday, reaching $34.19. The company's stock had a trading volume of 1,767,157 shares, compared to its average volume of 1,921,748. The business's 50 day simple moving average is $36.15 and its 200 day simple moving average is $39.22. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $8.09 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates 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. As a group, research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced 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 of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.03%. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on REXR shares. Barclays reduced their price target on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research note on Tuesday, March 25th. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a report on Tuesday. Finally, Truist Financial reduced their price target on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two equities 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 data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of "Hold" and an average price target of $42.18.

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.