Crestline Management LP Grows Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Crestline Management LP boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 600.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,519 shares of the real estate investment trust's stock after buying an additional 47,592 shares during the period. Crestline Management LP's holdings in Rexford Industrial Realty were worth $2,146,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of Rexford Industrial Realty by 43.9% in the 4th quarter. Cetera Investment Advisers now owns 11,723 shares of the real estate investment trust's stock worth $453,000 after buying an additional 3,575 shares during the period. BROOKFIELD Corp ON grew its holdings in Rexford Industrial Realty by 67.4% in the fourth quarter. BROOKFIELD Corp ON now owns 460,551 shares of the real estate investment trust's stock worth $17,805,000 after purchasing an additional 185,503 shares during the period. Brevan Howard Capital Management LP increased its stake in shares of Rexford Industrial Realty by 133.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 39,848 shares of the real estate investment trust's stock valued at $1,541,000 after purchasing an additional 22,776 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $7,605,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Rexford Industrial Realty by 9.6% in the 4th quarter. Ameriprise Financial Inc. now owns 751,640 shares of the real estate investment trust's stock worth $29,062,000 after purchasing an additional 65,966 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR traded up $0.34 during midday trading on Friday, hitting $34.19. 1,767,157 shares of the stock traded hands, compared to its average volume of 1,925,329. The firm has a 50-day moving average of $36.02 and a two-hundred day moving average of $39.11. The firm has a market capitalization of $8.09 billion, a P/E ratio of 28.26, a PEG ratio of 2.62 and a beta of 1.12. 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 one year low of $29.68 and a one year high of $52.61.

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 for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The company had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 5.03%. Rexford Industrial Realty's payout ratio is presently 138.71%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on REXR. Scotiabank lowered their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Barclays lowered their price target on 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. JPMorgan Chase & Co. cut 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 research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price for the company. Finally, Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $42.18.

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.