Voloridge Investment Management LLC acquired a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 399,196 shares of the real estate investment trust's stock, valued at approximately $15,433,000. Voloridge Investment Management LLC owned 0.18% of Rexford Industrial Realty 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. Sophron Capital Management L.P. purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at $15,012,000. Westwood Holdings Group Inc. lifted its position in shares of Rexford Industrial Realty by 9.6% in the fourth quarter. Westwood Holdings Group Inc. now owns 567,045 shares of the real estate investment trust's stock valued at $21,922,000 after acquiring an additional 49,646 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Rexford Industrial Realty by 20.9% in the fourth quarter. Tidal Investments LLC now owns 207,235 shares of the real estate investment trust's stock valued at $8,012,000 after acquiring an additional 35,802 shares in the last quarter. Rush Island Management LP purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at $132,701,000. Finally, Resolution Capital Ltd purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at $52,025,000. Institutional investors and hedge funds own 99.52% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the company. Scotiabank reduced their price objective on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday, May 12th. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a research report on Tuesday, May 6th. Evercore ISI reduced their price objective on 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 report on Thursday, April 24th. Finally, Barclays reduced their target price on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.00.
Check Out Our Latest Analysis on REXR
Rexford Industrial Realty Trading Up 0.5%
Shares of Rexford Industrial Realty stock traded up $0.19 during trading hours on Thursday, reaching $36.09. The stock had a trading volume of 1,211,281 shares, compared to its average volume of 1,985,067. The firm has a 50 day simple moving average of $34.75 and a two-hundred day simple moving average of $38.40. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 2.62 and a beta of 1.12. 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 released its quarterly earnings data 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 company had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.77%. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.
Rexford Industrial Realty Profile
(
Free Report)
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.
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