Westwood Holdings Group Inc. Purchases 49,646 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Westwood Holdings Group Inc. boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,045 shares of the real estate investment trust's stock after acquiring an additional 49,646 shares during the period. Westwood Holdings Group Inc. owned 0.25% of Rexford Industrial Realty worth $21,922,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock worth $226,575,000 after buying an additional 954,202 shares during the last quarter. Park Avenue Securities LLC raised its holdings in Rexford Industrial Realty by 75.6% in the fourth quarter. Park Avenue Securities LLC now owns 8,444 shares of the real estate investment trust's stock worth $326,000 after buying an additional 3,634 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Rexford Industrial Realty by 11.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 11,969 shares of the real estate investment trust's stock worth $463,000 after buying an additional 1,184 shares during the last quarter. UMB Bank n.a. raised its holdings in Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after buying an additional 280 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after buying an additional 371 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

NYSE REXR traded up $0.14 during trading hours on Friday, hitting $34.68. 3,734,459 shares of the company's stock traded hands, compared to its average volume of 1,980,453. The business's fifty day moving average price is $35.04 and its two-hundred day moving average price is $38.53. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $8.21 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.62 and a beta of 1.12. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Equities research analysts predict 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. Investors of record on Monday, June 30th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 4.96%. Rexford Industrial Realty's dividend payout ratio (DPR) is 138.71%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on REXR. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Truist Financial reduced their price target on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of 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. Barclays reduced their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, April 30th. Finally, Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.