Oppenheimer Asset Management Inc. Has $1.44 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Oppenheimer Asset Management Inc. increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 40.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,792 shares of the real estate investment trust's stock after acquiring an additional 10,603 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Rexford Industrial Realty were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Whalen Wealth Management Inc. acquired a new stake in Rexford Industrial Realty in the first quarter valued at approximately $422,000. Retirement Systems of Alabama boosted its position in Rexford Industrial Realty by 1.2% in the first quarter. Retirement Systems of Alabama now owns 595,552 shares of the real estate investment trust's stock valued at $23,316,000 after buying an additional 7,034 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Rexford Industrial Realty in the first quarter valued at approximately $208,000. LDR Capital Management LLC acquired a new stake in Rexford Industrial Realty in the first quarter valued at approximately $4,558,000. Finally, State of Alaska Department of Revenue boosted its position in Rexford Industrial Realty by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 134,250 shares of the real estate investment trust's stock valued at $5,254,000 after buying an additional 2,731 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

REXR stock opened at $36.22 on Friday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.31 and a beta of 1.14. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.61. The company's fifty day simple moving average is $35.13 and its 200 day simple moving average is $37.54.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The business had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 28.96% and a return on equity of 3.31%. On average, analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share 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. Investors of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 4.75%. Rexford Industrial Realty's payout ratio is 138.71%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on REXR shares. JPMorgan Chase & Co. cut 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 report on Thursday, April 24th. Evercore ISI cut their price target on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Scotiabank cut 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 report on Monday, May 12th. Wells Fargo & Company cut their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $40.00.

Rexford Industrial Realty Company 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.

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