GAMMA Investing LLC Increases Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

GAMMA Investing LLC raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 12,084.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,415 shares of the real estate investment trust's stock after purchasing an additional 55,952 shares during the quarter. GAMMA Investing LLC's holdings in Rexford Industrial Realty were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Rexford Industrial Realty by 332.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 566 shares during the period. Fairtree Asset Management Pty Ltd acquired a new position in Rexford Industrial Realty during the fourth quarter worth about $623,000. Wealth Enhancement Advisory Services LLC grew its position in Rexford Industrial Realty by 87.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,680 shares of the real estate investment trust's stock worth $684,000 after buying an additional 8,256 shares during the period. Phocas Financial Corp. purchased a new position in Rexford Industrial Realty in the fourth quarter valued at about $234,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at approximately $154,000. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on REXR shares. Barclays lowered their price target 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. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a report on Tuesday, March 25th. 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. Scotiabank decreased their price objective 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. Finally, Evercore ISI lowered their price objective on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.00.

Rexford Industrial Realty Stock Performance

REXR stock remained flat at $36.35 during trading on Tuesday. 3,489,060 shares of the company traded hands, compared to its average volume of 2,079,112. The company has a market capitalization of $8.60 billion, a PE ratio of 29.31, a price-to-earnings-growth ratio of 3.33 and a beta of 1.14. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 4.90. The company has a fifty day moving average price of $34.51 and a 200 day moving average price of $37.77. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a net margin of 28.96% and a return on equity of 3.31%. As a group, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

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.