Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,663,969 shares of the real estate investment trust's stock after selling 898,715 shares during the quarter. Nuveen Asset Management LLC owned 1.20% of Rexford Industrial Realty worth $102,989,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of REXR. Norges Bank acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth approximately $104,685,000. Long Pond Capital LP acquired a new stake in shares of Rexford Industrial Realty in the 4th quarter valued at about $58,595,000. Northern Trust Corp lifted 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 during the last quarter. Centersquare Investment Management LLC grew its stake in Rexford Industrial Realty by 32.3% in the fourth quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock worth $173,667,000 after purchasing an additional 1,097,349 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Rexford Industrial Realty by 26.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 99.52% of the company's stock.

Analyst Upgrades and Downgrades

REXR has been the topic of several research reports. Evercore ISI cut their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, April 21st. Truist Financial dropped their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays reduced their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating on the stock in a research note on Wednesday, April 30th. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Wells Fargo & Company decreased their price target 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus target price of $40.00.

Rexford Industrial Realty Stock Performance

REXR stock traded down $0.47 during mid-day trading on Tuesday, reaching $35.12. The company had a trading volume of 1,477,880 shares, compared to its average volume of 1,943,474. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $8.31 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.62 and a beta of 1.12. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61. The stock's 50-day simple moving average is $35.39 and its two-hundred day simple moving average is $38.71.

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 (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The company 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%. Research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio (DPR) is presently 138.71%.

About Rexford Industrial Realty

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.