Mercer Global Advisors Inc. ADV Invests $706,000 in Rexford Industrial Realty, Inc. (NYSE:REXR)

Mercer Global Advisors Inc. ADV bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,272 shares of the real estate investment trust's stock, valued at approximately $706,000.

Several other large investors have also made changes to their positions in the business. Freestone Grove Partners LP purchased a new stake in shares of Rexford Industrial Realty during the fourth quarter worth approximately $673,000. Utah Retirement Systems increased its position in shares of Rexford Industrial Realty by 0.8% during the fourth quarter. Utah Retirement Systems now owns 36,000 shares of the real estate investment trust's stock worth $1,392,000 after purchasing an additional 300 shares in the last quarter. Masterton Capital Management LP increased its position in shares of Rexford Industrial Realty by 15.2% during the fourth quarter. Masterton Capital Management LP now owns 389,880 shares of the real estate investment trust's stock worth $15,073,000 after purchasing an additional 51,468 shares in the last quarter. Northern Trust Corp increased its position in shares of Rexford Industrial Realty by 94.3% during the fourth quarter. Northern Trust Corp now owns 3,104,624 shares of the real estate investment trust's stock worth $120,025,000 after purchasing an additional 1,506,779 shares in the last quarter. Finally, Quarry LP increased its position in shares of Rexford Industrial Realty by 18.3% during the fourth quarter. Quarry LP now owns 3,135 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 486 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $34.19 on Monday. The stock has a market cap of $8.09 billion, a PE ratio of 28.26, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The stock has a fifty day simple moving average of $36.02 and a 200-day simple moving average of $39.07.

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 for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Scotiabank dropped their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research report on Monday, April 7th. Evercore ISI dropped their target price on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a report on Tuesday, May 6th. Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Barclays dropped their target price on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $42.18.

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.

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