Cresset Asset Management LLC Acquires New Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Cresset Asset Management LLC bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,619 shares of the real estate investment trust's stock, valued at approximately $454,000.

A number of other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at about $33,000. UMB Bank n.a. grew its position in Rexford Industrial Realty by 38.9% in the 4th 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 during the period. Whittier Trust Co. of Nevada Inc. grew its position in Rexford Industrial Realty by 515.7% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Rexford Industrial Realty during the 4th quarter valued at $65,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Rexford Industrial Realty by 4,104.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,709 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

NYSE:REXR traded down $0.13 on Monday, reaching $35.59. 1,609,495 shares of the company's stock traded hands, compared to its average volume of 1,945,336. The firm has a market cap of $8.42 billion, a PE ratio of 29.41, a P/E/G ratio of 2.62 and a beta of 1.12. 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, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The stock has a 50-day simple moving average of $35.53 and a 200-day simple moving average of $38.79.

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

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 4.83%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Analyst Ratings Changes

Several analysts recently commented on the company. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a report on Tuesday, May 6th. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Barclays cut their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Finally, Evercore ISI decreased 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. Two 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's stock. Based on data from MarketBeat, Rexford Industrial Realty has a consensus rating of "Hold" and an average target price of $40.00.

About Rexford Industrial Realty

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.