Insider Selling: Rexford Industrial Realty, Inc. (NYSE:REXR) General Counsel Sells 26,449 Shares of Stock

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) General Counsel David E. Lanzer sold 26,449 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $36.87, for a total transaction of $975,174.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock traded up $0.58 on Tuesday, reaching $37.46. The company's stock had a trading volume of 2,398,617 shares, compared to its average volume of 2,238,481. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.90 and a current ratio of 5.59. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 3.35 and a beta of 1.13. The business's fifty day moving average price is $36.12 and its 200 day moving average price is $37.25. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.62% and a net margin of 32.04%. The company had revenue of $241.57 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. Equities analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.72 dividend on an annualized basis and a yield of 4.59%. Rexford Industrial Realty's dividend payout ratio is presently 127.41%.

Institutional Investors Weigh In On Rexford Industrial Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $417,000. Xponance Inc. lifted its holdings in Rexford Industrial Realty by 9.4% during the 4th quarter. Xponance Inc. now owns 25,707 shares of the real estate investment trust's stock worth $994,000 after purchasing an additional 2,203 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Rexford Industrial Realty by 40.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 120,640 shares of the real estate investment trust's stock worth $4,664,000 after acquiring an additional 34,635 shares during the period. HUB Investment Partners LLC bought a new position in Rexford Industrial Realty during the 4th quarter worth $226,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Rexford Industrial Realty by 515.7% during the 4th 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 during the period. Institutional investors own 99.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on REXR shares. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Scotiabank dropped their price objective on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Barclays reduced their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company reduced their price objective on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Rexford Industrial Realty has a consensus rating of "Hold" and a consensus target price of $39.82.

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.