LRT Capital Management LLC Takes $860,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

LRT Capital Management LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,239 shares of the real estate investment trust's stock, valued at approximately $860,000.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 954,202 shares during the period. Fulton Bank N.A. raised its holdings in Rexford Industrial Realty by 14.9% in the 4th quarter. Fulton Bank N.A. now owns 5,791 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 753 shares during the period. Reinhart Partners LLC. raised its holdings in Rexford Industrial Realty by 1.6% in the 4th quarter. Reinhart Partners LLC. now owns 282,598 shares of the real estate investment trust's stock worth $10,925,000 after purchasing an additional 4,518 shares during the period. Oak Thistle LLC raised its holdings in Rexford Industrial Realty by 37.7% in the 4th quarter. Oak Thistle LLC now owns 21,527 shares of the real estate investment trust's stock worth $832,000 after purchasing an additional 5,895 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Rexford Industrial Realty by 75.6% in the 4th quarter. Park Avenue Securities LLC now owns 8,444 shares of the real estate investment trust's stock worth $326,000 after purchasing an additional 3,634 shares during the period. Institutional investors and hedge funds own 99.52% of the company's stock.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock traded up $0.34 during trading on Friday, hitting $35.74. 2,027,159 shares of the company were exchanged, compared to its average volume of 1,944,804. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.62 and a beta of 1.12. The firm has a 50 day moving average price of $35.53 and a 200 day moving average price of $38.85.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million during the quarter, compared to the consensus estimate 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 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 4.81%. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on REXR shares. JPMorgan Chase & Co. reduced their price target 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. Robert W. Baird set a $43.00 price objective on Rexford Industrial Realty in a research note on Tuesday, May 6th. Evercore ISI dropped their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, April 21st. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Scotiabank dropped their price target on Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $42.00.

Rexford Industrial Realty 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.