Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 18.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,784 shares of the real estate investment trust's stock after acquiring an additional 22,428 shares during the quarter. Janus Henderson Group PLC owned approximately 0.06% of Rexford Industrial Realty worth $5,558,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Rexford Industrial Realty during the fourth quarter valued at about $33,000. UMB Bank n.a. lifted its holdings in shares of Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $58,000 after acquiring an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $65,000. Finally, SRS Capital Advisors Inc. increased its position in shares of Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,709 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Trading Up 0.6%

Shares of REXR stock traded up $0.22 on Friday, hitting $34.76. The stock had a trading volume of 2,184,848 shares, compared to its average volume of 1,966,951. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $8.23 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.62 and a beta of 1.12. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. The company's 50 day moving average price is $35.16 and its 200-day moving average price is $38.62.

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 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.95%. Rexford Industrial Realty's dividend payout ratio is presently 138.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on REXR. JPMorgan Chase & Co. lowered their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Evercore ISI lowered their price target on 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. 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 note on Thursday, May 1st. Barclays lowered their price objective 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. Finally, Scotiabank lowered their price objective on 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 equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.