Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 3.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,372 shares of the real estate investment trust's stock after purchasing an additional 8,690 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Rexford Industrial Realty worth $9,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of REXR. Vanguard Group Inc. raised its position in shares of Rexford Industrial Realty by 1.9% during the 4th 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. Centersquare Investment Management LLC raised its position in Rexford Industrial Realty by 32.3% in the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after purchasing an additional 1,097,349 shares during the period. Geode Capital Management LLC raised its position in Rexford Industrial Realty by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock valued at $160,282,000 after purchasing an additional 70,710 shares during the period. Rush Island Management LP purchased a new position in shares of Rexford Industrial Realty during the 4th quarter worth $132,701,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Rexford Industrial Realty by 0.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock worth $130,180,000 after purchasing an additional 28,079 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a research report on Tuesday, May 6th. 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 research report on Thursday, April 24th. Barclays cut their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, April 30th. Finally, Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a report on Tuesday, March 25th. 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $40.00.

Rexford Industrial Realty Stock Up 0.3%

NYSE:REXR traded up $0.12 during mid-day trading on Friday, hitting $37.13. The stock had a trading volume of 1,342,165 shares, compared to its average volume of 2,145,283. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The stock has a 50-day simple moving average of $35.43 and a two-hundred day simple moving average of $37.43. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $8.79 billion, a PE ratio of 29.94, a PEG ratio of 3.39 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued 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 firm 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 28.96% and a return on equity of 3.31%. On average, equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 4.63%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 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.