Price T Rowe Associates Inc. MD Has $1.04 Billion Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Price T Rowe Associates Inc. MD cut its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,997,729 shares of the real estate investment trust's stock after selling 1,277,520 shares during the quarter. Price T Rowe Associates Inc. MD owned about 12.14% of Rexford Industrial Realty worth $1,043,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in REXR. Paradigm Asset Management Co. LLC bought a new position in Rexford Industrial Realty during the fourth quarter worth $1,082,000. Charles Schwab Investment Management Inc. boosted its position in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust's stock worth $107,587,000 after purchasing an additional 93,360 shares during the period. Impax Asset Management Group plc boosted its position in Rexford Industrial Realty by 63.6% during the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust's stock worth $839,000 after purchasing an additional 8,431 shares during the period. JPMorgan Chase & Co. boosted its position in Rexford Industrial Realty by 26.9% during 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 during the period. Finally, Rothschild Investment LLC boosted its position in Rexford Industrial Realty by 760,280.0% during the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 38,014 shares during the period. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Trading Down 0.1 %

Shares of REXR traded down $0.03 during trading hours on Tuesday, hitting $33.36. 438,629 shares of the stock were exchanged, compared to its average volume of 1,902,201. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The business has a 50-day moving average of $37.27 and a 200-day moving average of $39.85. The firm has a market capitalization of $7.89 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. The business had revenue of $248.82 million during the quarter, compared to analysts' expectations of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's payout ratio is 138.71%.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of research analyst reports. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Mizuho dropped their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Evercore ISI dropped their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Scotiabank dropped their price target on Rexford Industrial Realty from $47.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, April 7th. Finally, Barclays dropped their price objective on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $44.00.

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.