Guggenheim Capital LLC reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 86.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,434 shares of the real estate investment trust's stock after selling 66,611 shares during the period. Guggenheim Capital LLC's holdings in Rexford Industrial Realty were worth $403,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $33,000. UMB Bank n.a. raised its stake 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 valued at $39,000 after buying an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 1,248 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Rexford Industrial Realty during the fourth quarter worth about $65,000. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after acquiring an additional 2,709 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.
Rexford Industrial Realty Price Performance
REXR stock traded up $1.08 during mid-day trading on Friday, reaching $34.25. 390,041 shares of the company's stock were exchanged, compared to its average volume of 2,414,540. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $52.61. The stock's 50 day moving average is $36.84 and its 200 day moving average is $39.66. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth 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 (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.
Rexford Industrial Realty Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 5.02%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on REXR. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a "hold" rating and a $40.00 target price on the stock. Mizuho dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research note on Tuesday, March 25th. Robert W. Baird dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Rexford Industrial Realty has an average rating of "Hold" and a consensus price target of $42.55.
Check Out Our Latest Stock Analysis on Rexford Industrial Realty
About Rexford Industrial Realty
(
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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