Envestnet Asset Management Inc. Increases Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Envestnet Asset Management Inc. raised its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 362,822 shares of the real estate investment trust's stock after purchasing an additional 76,568 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of Rexford Industrial Realty worth $14,204,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its holdings in Rexford Industrial Realty by 198.3% during the first quarter. Teacher Retirement System of Texas now owns 39,028 shares of the real estate investment trust's stock worth $1,528,000 after purchasing an additional 25,945 shares during the last quarter. GAMMA Investing LLC lifted its stake in Rexford Industrial Realty by 211.2% in the first 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 during the last quarter. Bessemer Group Inc. lifted its stake in Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Rexford Industrial Realty by 40.5% in the first quarter. Oppenheimer Asset Management Inc. now owns 36,792 shares of the real estate investment trust's stock valued at $1,440,000 after acquiring an additional 10,603 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Rexford Industrial Realty in the fourth quarter valued at $11,830,000. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Trading Up 3.2%

Shares of NYSE REXR traded up $1.13 during midday trading on Friday, reaching $36.56. The stock had a trading volume of 4,691,011 shares, compared to its average volume of 2,234,658. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.35 and a beta of 1.13. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 5.59. The company's 50 day moving average price is $36.10 and its 200 day moving average price is $37.27.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.01. The company had revenue of $241.57 million during the quarter, compared to analyst estimates of $251.72 million. Rexford Industrial Realty had a net margin of 32.04% and a return on equity of 3.62%. Rexford Industrial Realty's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 EPS. As a group, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.70%. Rexford Industrial Realty's payout ratio is 127.41%.

Analyst Ratings Changes

REXR has been the subject of a number of research reports. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. JPMorgan Chase & Co. lowered their price target 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. Scotiabank lowered their price target 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. Barclays lowered their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Evercore ISI lowered shares of Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and lowered their price target for the stock from $39.00 to $38.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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.