Fairtree Asset Management Pty Ltd Takes Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Fairtree Asset Management Pty Ltd purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 16,115 shares of the real estate investment trust's stock, valued at approximately $623,000.

A number of other institutional investors also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Rexford Industrial Realty by 515.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $65,000. SRS Capital Advisors Inc. boosted its holdings in Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 2,709 shares during the period. Finally, Quarry LP grew its position in shares of Rexford Industrial Realty by 18.3% during the 4th quarter. Quarry LP now owns 3,135 shares of the real estate investment trust's stock valued at $121,000 after purchasing an additional 486 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Trading Down 0.1%

Shares of REXR stock traded down $0.03 on Friday, hitting $35.29. 5,299,526 shares of the company's stock traded hands, compared to its average volume of 2,021,055. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 2.62 and a beta of 1.12. The company's fifty day simple moving average is $34.57 and its 200 day simple moving average is $38.29. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61. 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 (NYSE:REXR - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays decreased their target price on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their price target on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Scotiabank lowered their target price on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.00.

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.