Edgestream Partners L.P. Makes New Investment in Rexford Industrial Realty, Inc. (NYSE:REXR)

Edgestream Partners L.P. bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 179,660 shares of the real estate investment trust's stock, valued at approximately $7,034,000. Edgestream Partners L.P. owned approximately 0.08% of Rexford Industrial Realty as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Utah Retirement Systems grew its position in Rexford Industrial Realty by 0.8% during the fourth quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust's stock worth $1,392,000 after buying an additional 300 shares in the last quarter. M&T Bank Corp grew its position in Rexford Industrial Realty by 1.2% during the first quarter. M&T Bank Corp now owns 26,857 shares of the real estate investment trust's stock worth $1,052,000 after buying an additional 317 shares in the last quarter. Private Trust Co. NA grew its position in Rexford Industrial Realty by 95.6% during the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after buying an additional 370 shares in the last quarter. Bessemer Group Inc. grew its position in Rexford Industrial Realty by 118.4% during the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock worth $29,000 after buying an additional 405 shares in the last quarter. Finally, Quarry LP grew its position in Rexford Industrial Realty by 18.3% during the fourth quarter. Quarry LP now owns 3,135 shares of the real estate investment trust's stock worth $121,000 after buying an additional 486 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR traded up $0.96 during trading on Friday, reaching $36.39. The stock had a trading volume of 3,308,295 shares, compared to its average volume of 2,654,209. 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 business's 50-day moving average price is $36.05 and its 200 day moving average price is $37.29. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The stock has a market capitalization of $8.61 billion, a PE ratio of 26.97, a P/E/G ratio of 3.33 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.66%. The firm had revenue of $241.57 million during the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the previous year, the business earned $0.60 EPS. The business's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend is Tuesday, September 30th. Rexford Industrial Realty's payout ratio is presently 138.71%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays decreased their price objective 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. Wells Fargo & Company decreased their price objective on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. JPMorgan Chase & Co. decreased their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Evercore ISI downgraded Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and decreased their price objective for the company from $39.00 to $38.00 in a report on Friday. Finally, Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and an average target price of $39.82.

Rexford Industrial Realty 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.