Charles Schwab Investment Management Inc. Raises Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Charles Schwab Investment Management Inc. grew its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,513,105 shares of the real estate investment trust's stock after acquiring an additional 144,150 shares during the period. Charles Schwab Investment Management Inc. owned about 1.19% of Rexford Industrial Realty worth $140,985,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at about $41,000. Fifth Third Bancorp boosted its position in Rexford Industrial Realty by 58.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 411 shares in the last quarter. Ninepoint Partners LP bought a new position in shares of Rexford Industrial Realty in the 3rd quarter worth approximately $108,000. Signaturefd LLC raised its position in shares of Rexford Industrial Realty by 45.9% in the 3rd quarter. Signaturefd LLC now owns 2,270 shares of the real estate investment trust's stock worth $112,000 after acquiring an additional 714 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Rexford Industrial Realty by 5,510.9% in the fourth quarter. International Assets Investment Management LLC now owns 3,086 shares of the real estate investment trust's stock worth $173,000 after purchasing an additional 3,031 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 18,113 shares of Rexford Industrial Realty stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $52.69, for a total transaction of $954,373.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on REXR. Truist Financial decreased their price target on shares of Rexford Industrial Realty from $53.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 2nd. JPMorgan Chase & Co. downgraded Rexford Industrial Realty from an "overweight" rating to a "neutral" rating and set a $55.00 price target on the stock. in a research note on Wednesday, February 7th. Barclays lifted their price objective on Rexford Industrial Realty from $45.00 to $46.00 and gave the company an "underweight" rating in a research note on Tuesday, April 23rd. TheStreet upgraded Rexford Industrial Realty from a "c+" rating to a "b-" rating in a report on Thursday, February 1st. Finally, Mizuho reiterated a "neutral" rating and issued a $52.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $53.36.

Rexford Industrial Realty Stock Performance

NYSE:REXR traded down $0.19 during trading hours on Friday, reaching $45.11. The company had a trading volume of 1,030,077 shares, compared to its average volume of 2,498,226. The firm's 50 day moving average price is $47.76 and its 200-day moving average price is $50.25. The firm has a market cap of $9.83 billion, a price-to-earnings ratio of 41.39, a PEG ratio of 1.98 and a beta of 0.89. The company has a current ratio of 3.21, a quick ratio of 3.21 and a debt-to-equity ratio of 0.41. Rexford Industrial Realty, Inc. has a 52 week low of $41.56 and a 52 week high of $58.02.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.57 by ($0.30). The firm had revenue of $214.10 million for the quarter, compared to analysts' expectations of $207.39 million. Rexford Industrial Realty had a net margin of 28.84% and a return on equity of 3.04%. The firm's revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. On average, analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.417 per share. This represents a $1.67 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, June 28th. Rexford Industrial Realty's dividend payout ratio is presently 153.21%.

About Rexford Industrial Realty

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.