116,417 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Bought by LDR Capital Management LLC

LDR Capital Management LLC acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 116,417 shares of the real estate investment trust's stock, valued at approximately $4,558,000. Rexford Industrial Realty comprises approximately 5.5% of LDR Capital Management LLC's portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in REXR. Van ECK Associates Corp grew its position in shares of Rexford Industrial Realty by 0.7% in the 4th quarter. Van ECK Associates Corp now owns 101,386 shares of the real estate investment trust's stock valued at $3,919,000 after buying an additional 664 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Rexford Industrial Realty by 1.7% in the 4th quarter. New York State Teachers Retirement System now owns 213,493 shares of the real estate investment trust's stock valued at $8,254,000 after purchasing an additional 3,559 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rexford Industrial Realty by 3.2% in the 4th quarter. Rhumbline Advisers now owns 679,817 shares of the real estate investment trust's stock valued at $26,282,000 after purchasing an additional 21,093 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Rexford Industrial Realty by 18.8% during the fourth quarter. Sanctuary Advisors LLC now owns 23,782 shares of the real estate investment trust's stock valued at $969,000 after acquiring an additional 3,760 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in Rexford Industrial Realty by 5.7% during 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 during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $36.35 on Wednesday. The stock has a market cap of $8.60 billion, a P/E ratio of 29.31, a PEG ratio of 3.33 and a beta of 1.14. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The firm's fifty day moving average price is $34.51 and its 200-day moving average price is $37.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 4.90.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data 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 28.96% and a return on equity of 3.31%. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed 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 is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.73%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Analysts Set New Price Targets

A number of research firms have issued reports on REXR. Barclays cut their price target on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Scotiabank cut their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. 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. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Evercore ISI cut their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.

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