UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 184,019 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,746,687 shares of the real estate investment trust's stock after selling 184,019 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.79% of Rexford Industrial Realty worth $67,527,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Rexford Industrial Realty by 1.9% in the fourth 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 buying an additional 562,710 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after acquiring an additional 954,202 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in Rexford Industrial Realty by 32.3% during the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock worth $173,667,000 after acquiring an additional 1,097,349 shares during the last quarter. Geode Capital Management LLC boosted its stake in Rexford Industrial Realty by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock worth $160,282,000 after acquiring an additional 70,710 shares during the last quarter. Finally, Rush Island Management LP acquired a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $132,701,000. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

REXR has been the subject of several analyst reports. Barclays decreased their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Truist Financial cut their target price on shares of 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. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research note on Tuesday, March 25th. Evercore ISI decreased their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Finally, Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Two equities 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 company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.00.

Rexford Industrial Realty Stock Down 1.1%

Shares of REXR traded down $0.39 during trading hours on Friday, reaching $34.93. The stock had a trading volume of 1,363,035 shares, compared to its average volume of 2,002,298. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a 50-day simple moving average of $34.65 and a 200 day simple moving average of $38.35. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 2.62 and a beta of 1.12.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating 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 return on equity of 3.26% and a net margin of 29.10%. Equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's payout ratio is 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.