Centiva Capital LP Decreases Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Centiva Capital LP trimmed its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 77.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,909 shares of the real estate investment trust's stock after selling 24,083 shares during the quarter. Centiva Capital LP's holdings in Rexford Industrial Realty were worth $267,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 280 shares in the last quarter. Utah Retirement Systems lifted its position in shares of Rexford Industrial Realty by 0.8% in the fourth quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust's stock valued at $1,392,000 after acquiring an additional 300 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of 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 acquiring an additional 355 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of 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 in the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of Rexford Industrial Realty by 7.3% in the fourth quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust's stock valued at $266,000 after acquiring an additional 469 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Price Performance

REXR stock opened at $35.92 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current 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 firm has a market cap of $8.50 billion, a P/E ratio of 29.69, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The stock has a 50-day simple moving average of $35.91 and a 200-day simple moving average of $39.02.

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 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 analyst estimates of $246.74 million. On average, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 4.79%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Analyst Ratings Changes

Several analysts have recently issued reports on REXR shares. JPMorgan Chase & Co. reduced their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price on the stock. Scotiabank reduced their target price on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday. Truist Financial reduced 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 dropped their price target 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 research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.