Nuveen Asset Management LLC Reduces Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Nuveen Asset Management LLC reduced its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 1.20% of Rexford Industrial Realty worth $102,989,000 at the end of the most recent reporting period.

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

Rexford Industrial Realty Stock Up 0.9%

Shares of REXR traded up $0.29 during trading hours on Thursday, hitting $34.31. The company had a trading volume of 680,506 shares, compared to its average volume of 1,952,651. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.62 and a beta of 1.12. The firm has a fifty day moving average price of $35.27 and a 200-day moving average price of $38.68. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. 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 (NYSE:REXR - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million during the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a yield of 5.01%. Rexford Industrial Realty's payout ratio is currently 138.71%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Evercore ISI dropped their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, April 21st. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research report on Tuesday, March 25th. Truist Financial dropped 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. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, May 6th. Finally, Barclays lowered their price target on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, April 30th. Two 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's stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of "Hold" and an average target price of $40.00.

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.