Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 40.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,792 shares of the real estate investment trust's stock after purchasing an additional 10,603 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Rexford Industrial Realty were worth $1,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. Vanguard Group Inc. boosted its holdings in Rexford Industrial Realty by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock valued at $1,157,170,000 after purchasing an additional 562,710 shares during the period. Centersquare Investment Management LLC increased its stake in shares of Rexford Industrial Realty by 32.3% in the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after buying an additional 1,097,349 shares during the period. Geode Capital Management LLC raised its stake in shares of Rexford Industrial Realty by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock valued at $160,282,000 after acquiring an additional 70,710 shares during the last quarter. Rush Island Management LP acquired a new position in Rexford Industrial Realty during the 4th quarter worth about $132,701,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Rexford Industrial Realty by 0.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock valued at $130,180,000 after acquiring an additional 28,079 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on REXR shares. Evercore ISI decreased their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Wells Fargo & Company cut their target price on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Finally, Barclays reduced 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. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of "Hold" and a consensus price target of $40.00.

Rexford Industrial Realty Stock Up 1.7%

Shares of REXR stock traded up $0.60 during mid-day trading on Tuesday, hitting $36.17. The stock had a trading volume of 3,320,810 shares, compared to its average volume of 2,139,543. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.90 and a quick ratio of 4.90. The firm's 50-day moving average is $35.29 and its two-hundred day moving average is $37.45. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.61. The firm has a market capitalization of $8.56 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 3.26 and a beta of 1.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 28.96%. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

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 $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's payout ratio is currently 138.71%.

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.