Rexford Industrial Realty, Inc. (NYSE:REXR) Stock Position Boosted by Masterton Capital Management LP

Masterton Capital Management LP increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,880 shares of the real estate investment trust's stock after acquiring an additional 51,468 shares during the quarter. Rexford Industrial Realty comprises 8.5% of Masterton Capital Management LP's holdings, making the stock its 3rd biggest position. Masterton Capital Management LP owned 0.18% of Rexford Industrial Realty worth $15,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Rexford Industrial Realty by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust's stock worth $1,157,170,000 after purchasing an additional 562,710 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 954,202 shares during the period. Centersquare Investment Management LLC increased its position in shares of Rexford Industrial Realty by 32.3% in the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust's stock valued at $173,667,000 after acquiring an additional 1,097,349 shares during the period. Geode Capital Management LLC raised its stake in Rexford Industrial Realty by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust's stock worth $160,282,000 after acquiring an additional 70,710 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Rexford Industrial Realty by 0.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust's stock worth $130,180,000 after acquiring an additional 28,079 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Mizuho decreased 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. Scotiabank decreased their price objective on shares of 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. Evercore ISI reduced their target price on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, April 21st. Robert W. Baird lowered their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. cut their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $42.55.

Rexford Industrial Realty Price Performance

NYSE:REXR traded up $1.14 during trading hours on Friday, reaching $34.31. 1,842,398 shares of the company were exchanged, compared to its average volume of 1,911,236. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average is $36.71 and its 200-day moving average is $39.50. The firm has a market cap of $8.12 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 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 analyst estimates of $246.74 million. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend 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%.

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.