Tidal Investments LLC Boosts Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Tidal Investments LLC grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,235 shares of the real estate investment trust's stock after purchasing an additional 35,802 shares during the quarter. Tidal Investments LLC owned approximately 0.09% of Rexford Industrial Realty worth $8,012,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of REXR. JPMorgan Chase & Co. boosted 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 purchasing an additional 954,202 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Rexford Industrial Realty by 75.6% during the 4th quarter. Park Avenue Securities LLC now owns 8,444 shares of the real estate investment trust's stock valued at $326,000 after acquiring an additional 3,634 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in shares of Rexford Industrial Realty by 11.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,969 shares of the real estate investment trust's stock valued at $463,000 after acquiring an additional 1,184 shares during the period. UMB Bank n.a. lifted its position in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 280 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after acquiring an additional 371 shares during the period. 99.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on REXR shares. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Wells Fargo & Company dropped their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a research report on Monday. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Scotiabank dropped their target price on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Rexford Industrial Realty currently has an average rating of "Hold" and an average target price of $40.00.

Rexford Industrial Realty Stock Up 1.6%

Shares of Rexford Industrial Realty stock traded up $0.54 during trading hours on Thursday, reaching $34.56. The company's stock had a trading volume of 2,976,754 shares, compared to its average volume of 1,965,482. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61. The company has a market capitalization of $8.18 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.62 and a beta of 1.12. The stock's fifty day simple moving average is $35.16 and its two-hundred day simple moving average is $38.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, research analysts forecast 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. Stockholders 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 dividend yield of 4.98%. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

About Rexford Industrial Realty

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.