Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Nan Shan Life Insurance Co. Ltd.

Nan Shan Life Insurance Co. Ltd. grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 517,579 shares of the real estate investment trust's stock after purchasing an additional 133,068 shares during the quarter. Nan Shan Life Insurance Co. Ltd. owned 0.23% of Rexford Industrial Realty worth $20,010,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $33,000. UMB Bank n.a. grew its holdings in shares of Rexford Industrial Realty by 38.9% in the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in Rexford Industrial Realty in the 4th quarter valued at about $65,000. Finally, SRS Capital Advisors Inc. lifted its stake in Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock valued at $107,000 after buying an additional 2,709 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on REXR. Robert W. Baird set a $43.00 price target on Rexford Industrial Realty in a report on Tuesday, May 6th. Truist Financial reduced their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on Rexford Industrial Realty from $45.00 to $39.00 and set an "overweight" rating for the company in a report on Monday. Finally, Scotiabank dropped their price target 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $40.00.

Rexford Industrial Realty Stock Performance

Shares of REXR traded down $0.29 during mid-day trading on Monday, reaching $35.43. 477,272 shares of the company's stock traded hands, compared to its average volume of 1,940,922. The business's 50-day moving average price is $35.53 and its 200-day moving average price is $38.79. The stock has a market capitalization of $8.39 billion, a P/E ratio of 29.28, 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. 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 results on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The company had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business 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 $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

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.