FORA Capital LLC Purchases Shares of 9,191 Rexford Industrial Realty, Inc. (NYSE:REXR)

FORA Capital LLC purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,191 shares of the real estate investment trust's stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in REXR. Frontier Capital Management Co. LLC boosted its position in shares of Rexford Industrial Realty by 10.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 269,072 shares of the real estate investment trust's stock worth $10,402,000 after buying an additional 25,561 shares during the period. Deprince Race & Zollo Inc. raised its stake in Rexford Industrial Realty by 2.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 664,360 shares of the real estate investment trust's stock valued at $25,684,000 after buying an additional 14,706 shares in the last quarter. Cresset Asset Management LLC acquired a new stake in Rexford Industrial Realty in the fourth quarter valued at $454,000. Crestline Management LP raised its stake in Rexford Industrial Realty by 600.4% in the fourth quarter. Crestline Management LP now owns 55,519 shares of the real estate investment trust's stock valued at $2,146,000 after buying an additional 47,592 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Rexford Industrial Realty by 43.9% during the fourth quarter. Cetera Investment Advisers now owns 11,723 shares of the real estate investment trust's stock worth $453,000 after purchasing an additional 3,575 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock traded down $0.33 during mid-day trading on Tuesday, hitting $35.56. The company's stock had a trading volume of 1,792,183 shares, compared to its average volume of 1,933,744. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $8.42 billion, a P/E ratio of 29.39, a P/E/G ratio of 2.62 and a beta of 1.12. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The stock's fifty day moving average price is $35.91 and its two-hundred day moving average price is $39.02.

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

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is 138.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial cut their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Evercore ISI lowered their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research note on Tuesday, March 25th. Scotiabank decreased their price target on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of "Hold" and an average price target of $42.00.

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.