First Trust Advisors LP Has $4.38 Million Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

First Trust Advisors LP increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 104.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 113,262 shares of the real estate investment trust's stock after acquiring an additional 57,986 shares during the period. First Trust Advisors LP owned 0.05% of Rexford Industrial Realty worth $4,379,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Rexford Industrial Realty during the 4th quarter worth $104,685,000. Long Pond Capital LP acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth about $58,595,000. Centersquare Investment Management LLC lifted its position in shares of Rexford Industrial Realty by 32.3% during the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock worth $173,667,000 after purchasing an additional 1,097,349 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust's stock valued at $226,575,000 after buying an additional 954,202 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in Rexford Industrial Realty by 40.4% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,910,765 shares of the real estate investment trust's stock worth $112,530,000 after buying an additional 837,630 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $33.15 on Friday. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.61. The company has a 50 day moving average of $36.84 and a 200-day moving average of $39.66. 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 cap of $7.84 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Robert W. Baird reduced their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Scotiabank decreased their target price on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Monday, April 7th. Mizuho cut their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective 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. Finally, Evercore ISI cut their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Two research 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. According to data from MarketBeat, Rexford Industrial Realty presently has a consensus rating of "Hold" and a consensus price target of $42.55.

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.

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