Rexford Industrial Realty, Inc. (NYSE:REXR) Stock Position Increased by Vert Asset Management LLC

Vert Asset Management LLC boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,484 shares of the real estate investment trust's stock after buying an additional 7,517 shares during the quarter. Rexford Industrial Realty makes up about 1.4% of Vert Asset Management LLC's investment portfolio, making the stock its 22nd largest holding. Vert Asset Management LLC's holdings in Rexford Industrial Realty were worth $4,130,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in REXR. MassMutual Private Wealth & Trust FSB raised its stake in Rexford Industrial Realty by 332.9% during 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. Quantbot Technologies LP purchased a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. boosted 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 purchasing an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Rexford Industrial Realty during the 4th quarter worth approximately $65,000. Finally, SRS Capital Advisors Inc. grew its stake in shares of Rexford Industrial Realty by 4,104.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 2,709 shares during the period. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Trading Up 0.7%

Shares of Rexford Industrial Realty stock traded up $0.24 during trading hours on Thursday, reaching $36.92. The stock had a trading volume of 1,767,577 shares, compared to its average volume of 2,051,346. The firm has a 50 day simple moving average of $34.19 and a two-hundred day simple moving average of $37.97. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 2.62 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61.

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

Rexford Industrial Realty Announces Dividend

The business also recently declared 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. This represents a $1.72 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on REXR. Scotiabank dropped 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. Evercore ISI lowered their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. 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. Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a research note on Tuesday, May 6th. Finally, Barclays dropped 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. 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 data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.00.

About Rexford Industrial Realty

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.