LDR Capital Management LLC Purchases New Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

LDR Capital Management LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 1st quarter, according to 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 accounts for about 5.5% of LDR Capital Management LLC's holdings, making the stock its 5th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its holdings in Rexford Industrial Realty by 2.1% in the 1st quarter. State of Alaska Department of Revenue now owns 134,250 shares of the real estate investment trust's stock valued at $5,254,000 after buying an additional 2,731 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Rexford Industrial Realty by 16.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 20,667 shares of the real estate investment trust's stock valued at $809,000 after acquiring an additional 2,987 shares in the last quarter. Fifth Third Bancorp grew its position in Rexford Industrial Realty by 335.6% in the 1st quarter. Fifth Third Bancorp now owns 3,219 shares of the real estate investment trust's stock valued at $126,000 after acquiring an additional 2,480 shares in the last quarter. GAMMA Investing LLC grew its position in Rexford Industrial Realty by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock valued at $56,000 after acquiring an additional 978 shares in the last quarter. Finally, Vert Asset Management LLC grew its position in Rexford Industrial Realty by 7.7% in the 1st quarter. Vert Asset Management LLC now owns 105,484 shares of the real estate investment trust's stock valued at $4,130,000 after acquiring an additional 7,517 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Down 0.3%

Shares of Rexford Industrial Realty stock traded down $0.11 on Friday, reaching $36.59. 6,309,906 shares of the company were exchanged, compared to its average volume of 2,097,797. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.61. The company has a market cap of $8.66 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 3.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.90 and a quick ratio of 4.90. The stock's 50 day moving average price is $34.74 and its 200-day moving average price is $37.67.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The firm had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 28.96%. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on REXR shares. Evercore ISI dropped their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Scotiabank dropped their target price on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. dropped their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Barclays dropped their target price 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. Finally, Truist Financial dropped their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. 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 stock. Based on data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of "Hold" and a consensus 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.