Teacher Retirement System of Texas Has $1.53 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Teacher Retirement System of Texas boosted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 198.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,028 shares of the real estate investment trust's stock after purchasing an additional 25,945 shares during the period. Teacher Retirement System of Texas' holdings in Rexford Industrial Realty were worth $1,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its position in Rexford Industrial Realty by 332.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 566 shares during the period. Bessemer Group Inc. increased its position in shares of Rexford Industrial Realty by 118.4% during the 1st quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 405 shares during the period. Private Trust Co. NA boosted its stake in shares of Rexford Industrial Realty by 95.6% during the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 370 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth $33,000. Finally, GAMMA Investing LLC boosted its stake in shares of Rexford Industrial Realty by 211.2% during the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 978 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Trading Up 0.4%

Shares of REXR traded up $0.13 during trading hours on Friday, reaching $37.06. The stock had a trading volume of 3,163,566 shares, compared to its average volume of 2,180,967. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The firm has a 50-day moving average of $35.86 and a 200 day moving average of $37.34. The company has a market cap of $8.77 billion, a P/E ratio of 15.51, a P/E/G ratio of 3.40 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 28.96% and a return on equity of 3.31%. The business had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. On average, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's payout ratio is presently 138.71%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI cut their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Truist Financial lowered their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Scotiabank lowered their price target on 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. Barclays lowered their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Finally, 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 report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Rexford Industrial Realty presently 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.