Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 87.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,680 shares of the real estate investment trust's stock after purchasing an additional 8,256 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Rexford Industrial Realty were worth $684,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in shares of Rexford Industrial Realty during the 4th quarter worth approximately $33,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Rexford Industrial Realty by 515.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $65,000. SRS Capital Advisors Inc. lifted its holdings in Rexford Industrial Realty by 4,104.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 2,709 shares during the last quarter. Finally, Quarry LP lifted its holdings in Rexford Industrial Realty by 18.3% during the 4th quarter. Quarry LP now owns 3,135 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 486 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Price Performance

NYSE REXR traded down $0.31 during trading hours on Friday, reaching $36.63. 2,442,314 shares of the stock traded hands, compared to its average volume of 2,066,203. The stock has a 50 day simple moving average of $34.36 and a two-hundred day simple moving average of $37.86. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. 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 company has a market cap of $8.67 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 2.62 and a beta of 1.14.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The firm 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 3.26% and a net margin of 29.10%. On average, analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 report on Monday, May 19th. Evercore ISI dropped their price objective 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. Barclays dropped 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. JPMorgan Chase & Co. dropped their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus price target 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.