David E. Lanzer Sells 26,449 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) Stock

Rexford Industrial Realty, Inc. (NYSE:REXR - Get Free Report) General Counsel David E. Lanzer sold 26,449 shares of the firm's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $36.87, for a total transaction of $975,174.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Rexford Industrial Realty Trading Up 1.4%

Shares of Rexford Industrial Realty stock traded up $0.53 during trading on Wednesday, hitting $37.90. The stock had a trading volume of 944,196 shares, compared to its average volume of 2,236,893. The stock has a 50 day simple moving average of $36.12 and a 200 day simple moving average of $37.25. The company has a market capitalization of $8.97 billion, a PE ratio of 28.10, a P/E/G ratio of 3.38 and a beta of 1.13. The company has a quick ratio of 4.90, a current ratio of 5.59 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61.

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

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Tuesday, September 30th. Rexford Industrial Realty's payout ratio is 127.41%.

Wall Street Analyst Weigh In

REXR has been the subject of several recent analyst reports. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Robert W. Baird set a $43.00 price objective on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Scotiabank decreased 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 report on Monday, May 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two investment 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $39.82.

Institutional Trading of Rexford Industrial Realty

A number of institutional investors and hedge funds have recently modified their holdings of REXR. Vanguard Group Inc. increased its holdings in Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 30,711,076 shares of the real estate investment trust's stock valued at $1,202,339,000 after buying an additional 779,095 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Rexford Industrial Realty by 1.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 27,443,472 shares of the real estate investment trust's stock valued at $1,074,413,000 after buying an additional 445,743 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Rexford Industrial Realty by 130.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 7,751,922 shares of the real estate investment trust's stock valued at $303,488,000 after buying an additional 4,384,624 shares during the period. Centersquare Investment Management LLC increased its holdings in Rexford Industrial Realty by 7.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,808,035 shares of the real estate investment trust's stock valued at $188,235,000 after buying an additional 315,869 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Rexford Industrial Realty by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock valued at $160,282,000 after buying an additional 70,710 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

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.