Robeco Institutional Asset Management B.V. lowered its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,253 shares of the real estate investment trust's stock after selling 10,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Rexford Industrial Realty worth $6,548,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after purchasing an additional 93,360 shares in the last quarter. GAMMA Investing LLC boosted its position in Rexford Industrial Realty by 12,084.7% during the first quarter. GAMMA Investing LLC now owns 56,415 shares of the real estate investment trust's stock worth $2,209,000 after purchasing an additional 55,952 shares in the last quarter. OFI Invest Asset Management purchased a new position in Rexford Industrial Realty during the fourth quarter worth approximately $13,959,000. Aigen Investment Management LP purchased a new position in Rexford Industrial Realty during the fourth quarter worth approximately $719,000. Finally, Raymond James Financial Inc. purchased a new position in Rexford Industrial Realty during the fourth quarter worth approximately $11,830,000. Hedge funds and other institutional investors own 99.52% of the company's stock.
Rexford Industrial Realty Stock Up 0.1%
REXR opened at $36.22 on Monday. The business's 50-day simple moving average is $35.13 and its 200-day simple moving average is $37.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 4.90. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61. The stock has a market capitalization of $8.57 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 3.32 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 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 analysts' expectations of $246.74 million. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 28.96%. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.
Rexford Industrial Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.75%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.
Wall Street Analyst Weigh In
REXR has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research report on Tuesday, March 25th. Truist Financial cut their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company lowered 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. Finally, Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $40.00.
Read Our Latest Research Report on REXR
About Rexford Industrial Realty
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Rexford Industrial Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rexford Industrial Realty wasn't on the list.
While Rexford Industrial Realty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
