Nan Shan Life Insurance Co. Ltd. Purchases 133,068 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Nan Shan Life Insurance Co. Ltd. increased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 517,579 shares of the real estate investment trust's stock after acquiring an additional 133,068 shares during the quarter. Nan Shan Life Insurance Co. Ltd. owned about 0.23% of Rexford Industrial Realty worth $20,010,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in shares of Rexford Industrial Realty in the fourth quarter worth approximately $961,000. LRT Capital Management LLC acquired a new position in Rexford Industrial Realty in the fourth quarter valued at approximately $860,000. Janus Henderson Group PLC lifted its stake in Rexford Industrial Realty by 18.5% in the fourth quarter. Janus Henderson Group PLC now owns 143,784 shares of the real estate investment trust's stock valued at $5,558,000 after buying an additional 22,428 shares during the period. GRS Advisors LLC raised its position in shares of Rexford Industrial Realty by 1.8% during the fourth quarter. GRS Advisors LLC now owns 1,188,145 shares of the real estate investment trust's stock worth $45,934,000 after purchasing an additional 20,525 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Rexford Industrial Realty during the fourth quarter worth approximately $355,000. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE:REXR traded up $0.34 during trading on Friday, reaching $35.74. The company's stock had a trading volume of 2,027,159 shares, compared to its average volume of 1,944,804. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a 50 day moving average of $35.53 and a 200-day moving average of $38.85. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.81%. Rexford Industrial Realty's payout ratio is 138.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a report on Tuesday, May 6th. Barclays decreased their price target 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. Industrial Alliance Securities set a $38.00 price target on Rexford Industrial Realty in a report on Tuesday, March 25th. Truist Financial decreased their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. decreased 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $42.00.

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.