Fairtree Asset Management Pty Ltd Takes $623,000 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) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,115 shares of the real estate investment trust's stock, valued at approximately $623,000.

Other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Rexford Industrial Realty by 515.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in Rexford Industrial Realty during the fourth quarter worth $65,000. SRS Capital Advisors Inc. lifted its stake in Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Quarry LP lifted its stake 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 purchasing an additional 486 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Trading Down 0.1%

NYSE REXR traded down $0.03 on Friday, reaching $35.29. The company had a trading volume of 5,299,526 shares, compared to its average volume of 2,020,650. The firm has a market cap 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. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The business has a 50 day moving average of $34.57 and a two-hundred day moving average of $38.31. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30.

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, beating analysts' consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The business had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

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

Analyst Ratings Changes

REXR has been the subject of several recent analyst reports. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a research note on Tuesday, May 6th. JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research note on Tuesday, March 25th. Evercore ISI dropped their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Truist Financial dropped their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Two research 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. Based on data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of "Hold" and an average 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.