Sophron Capital Management L.P. Invests $15.01 Million in Rexford Industrial Realty, Inc. (NYSE:REXR)

Sophron Capital Management L.P. acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 388,303 shares of the real estate investment trust's stock, valued at approximately $15,012,000. Rexford Industrial Realty accounts for about 5.9% of Sophron Capital Management L.P.'s holdings, making the stock its 2nd largest position. Sophron Capital Management L.P. owned 0.17% of Rexford Industrial Realty as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $33,000. UMB Bank n.a. grew its position in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after buying an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Rexford Industrial Realty by 515.7% in 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 acquiring an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in Rexford Industrial Realty in the 4th quarter worth about $65,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 2,709 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on REXR. Evercore ISI lowered their price objective on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a research report on Tuesday, May 6th. 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. Finally, Scotiabank decreased their price target on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $40.00.

Rexford Industrial Realty Stock Up 0.4%

NYSE REXR traded up $0.14 during trading hours on Friday, reaching $34.68. 3,734,459 shares of the company's stock traded hands, compared to its average volume of 2,409,685. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week 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 firm has a 50-day simple moving average of $35.16 and a 200 day simple moving average of $38.62. The firm has a market cap of $8.21 billion, a PE ratio of 28.66, a PEG ratio of 2.62 and a beta of 1.12.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The firm had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.96%. Rexford Industrial Realty's payout ratio is currently 138.71%.

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.