Raymond James & Associates grew its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,907 shares of the real estate investment trust's stock after purchasing an additional 20,476 shares during the period. Raymond James & Associates' holdings in Rexford Industrial Realty were worth $5,436,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Rexford Industrial Realty during the second quarter worth $28,000. Quent Capital LLC raised its holdings in Rexford Industrial Realty by 594.4% during the 3rd quarter. Quent Capital LLC now owns 743 shares of the real estate investment trust's stock worth $37,000 after buying an additional 636 shares during the period. Fifth Third Bancorp lifted its stake in Rexford Industrial Realty by 58.2% during the third quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust's stock valued at $55,000 after buying an additional 411 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Rexford Industrial Realty by 112.7% during the first quarter. Belpointe Asset Management LLC now owns 1,176 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 623 shares in the last quarter. Finally, First Manhattan Co. acquired a new position in shares of Rexford Industrial Realty in the first quarter worth about $151,000. Institutional investors and hedge funds own 99.52% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Robert W. Baird restated a "neutral" rating and issued a $61.00 price target (up previously from $53.00) on shares of Rexford Industrial Realty in a research report on Friday, January 5th. TheStreet raised Rexford Industrial Realty from a "c+" rating to a "b-" rating in a research report on Thursday, February 1st. Mizuho restated a "neutral" rating and set a $52.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, April 2nd. Truist Financial lowered their price objective on shares of Rexford Industrial Realty from $61.00 to $57.00 and set a "buy" rating on the stock in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from an "overweight" rating to a "neutral" rating and set a $55.00 target price for the company. in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $56.00.
View Our Latest Report on REXR
Insider Transactions at Rexford Industrial Realty
In related news, General Counsel David E. Lanzer sold 18,113 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.69, for a total value of $954,373.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Rexford Industrial Realty Stock Down 3.0 %
Shares of REXR stock traded down $1.48 on Wednesday, hitting $47.89. The company's stock had a trading volume of 3,681,842 shares, compared to its average volume of 1,765,530. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 42.76, a P/E/G ratio of 2.25 and a beta of 0.86. Rexford Industrial Realty, Inc. has a fifty-two week low of $41.56 and a fifty-two week high of $58.41. The firm's fifty day moving average price is $51.40 and its 200-day moving average price is $50.84. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.35 and a quick ratio of 1.35.
Rexford Industrial Realty Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.4175 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Rexford Industrial Realty's previous quarterly dividend of $0.38. Rexford Industrial Realty's payout ratio is currently 149.11%.
Rexford Industrial Realty Company Profile
(
Free Report)
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.
Read More
Before you consider Rexford Industrial Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rexford Industrial Realty wasn't on the list.
While Rexford Industrial Realty currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
