Universal Beteiligungs und Servicegesellschaft mbH Takes $12.92 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 330,040 shares of the real estate investment trust's stock, valued at approximately $12,921,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Rexford Industrial Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in REXR. MassMutual Private Wealth & Trust FSB grew its stake in Rexford Industrial Realty by 332.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 566 shares in the last quarter. Bessemer Group Inc. lifted its stake in Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 405 shares during the period. Private Trust Co. NA raised its stake in shares of Rexford Industrial Realty by 95.6% in the first quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 370 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Rexford Industrial Realty in the 4th quarter worth approximately $33,000. Finally, GAMMA Investing LLC increased 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 purchasing an additional 978 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Insider Buying and Selling

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 26,449 shares of Rexford Industrial Realty stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $36.87, for a total transaction of $975,174.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays lowered their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company cut their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI downgraded shares of Rexford Industrial Realty from an "outperform" rating to an "in-line" rating and decreased their price target for the company from $39.00 to $38.00 in a research note on Friday, July 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus target price of $39.82.

Rexford Industrial Realty Stock Performance

Shares of REXR traded up $0.01 during trading hours on Friday, hitting $37.59. The company had a trading volume of 2,374,462 shares, compared to its average volume of 3,404,824. The business has a fifty day moving average of $36.26 and a 200-day moving average of $37.25. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 4.18 and a beta of 1.13. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61. The company has a quick ratio of 4.90, a current ratio of 5.59 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. The business had revenue of $241.57 million for the quarter, compared to analyst estimates of $251.72 million. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%. Rexford Industrial Realty's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.58%. The ex-dividend date is Tuesday, September 30th. Rexford Industrial Realty's dividend payout ratio is 127.41%.

Rexford Industrial Realty Company 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.