Hsbc Holdings PLC Buys 142,399 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Hsbc Holdings PLC lifted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 25.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 713,136 shares of the real estate investment trust's stock after purchasing an additional 142,399 shares during the period. Hsbc Holdings PLC owned 0.32% of Rexford Industrial Realty worth $27,551,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in REXR. Paradigm Asset Management Co. LLC acquired a new position in shares of Rexford Industrial Realty in the fourth quarter valued at $1,082,000. Charles Schwab Investment Management Inc. lifted its stake in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after purchasing an additional 93,360 shares during the period. Impax Asset Management Group plc grew its stake in shares of Rexford Industrial Realty by 63.6% in the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock valued at $839,000 after purchasing an additional 8,431 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 worth $226,575,000 after buying an additional 954,202 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Rexford Industrial Realty by 760,280.0% during the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock worth $1,470,000 after buying an additional 38,014 shares during the period. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Trading Down 2.0 %

Shares of REXR stock traded down $0.66 during trading hours on Wednesday, reaching $32.72. The company had a trading volume of 1,037,507 shares, compared to its average volume of 2,434,235. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $52.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 2.62 and a beta of 0.99. The company has a 50 day moving average of $37.13 and a 200 day moving average of $39.80.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million for the quarter, compared to analyst estimates 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 research analysts anticipate 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. Shareholders of record on Monday, June 30th will be paid a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.26%. Rexford Industrial Realty's payout ratio is 138.71%.

Analyst Upgrades and Downgrades

REXR has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on 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. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 price objective on the stock. Barclays lowered their target price on Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Finally, Evercore ISI reduced their price target on shares of 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $44.00.

About Rexford Industrial Realty

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.