CANADA LIFE ASSURANCE Co Has $17.18 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

CANADA LIFE ASSURANCE Co increased its position in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,523 shares of the real estate investment trust's stock after buying an additional 21,808 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.20% of Rexford Industrial Realty worth $17,176,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Long Pond Capital LP acquired a new position in shares of Rexford Industrial Realty in the 4th quarter worth $58,595,000. Barclays PLC increased its stake in Rexford Industrial Realty by 68.0% in the 4th quarter. Barclays PLC now owns 280,952 shares of the real estate investment trust's stock worth $10,861,000 after purchasing an additional 113,756 shares in the last quarter. Synovus Financial Corp acquired a new stake in Rexford Industrial Realty during the 4th quarter worth about $308,000. Grandeur Peak Global Advisors LLC raised its holdings in Rexford Industrial Realty by 18.8% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 112,596 shares of the real estate investment trust's stock worth $4,353,000 after buying an additional 17,825 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in Rexford Industrial Realty by 488.3% during the fourth quarter. Sterling Capital Management LLC now owns 48,361 shares of the real estate investment trust's stock valued at $1,870,000 after buying an additional 40,140 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday. Robert W. Baird reduced their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Evercore ISI lowered their price target on Rexford Industrial Realty from $43.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Scotiabank reduced their price objective 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, Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research note on Tuesday, March 25th. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $44.00.

Rexford Industrial Realty Stock Performance

Shares of REXR stock traded down $0.67 during trading on Friday, reaching $33.09. The company had a trading volume of 2,253,503 shares, compared to its average volume of 1,904,967. The company has a market capitalization of $7.81 billion, a PE ratio of 27.35, a PEG ratio of 2.62 and a beta of 0.99. 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 firm's 50 day simple moving average is $37.43 and its two-hundred day simple moving average is $40.04. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $52.61.

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

Rexford Industrial Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 5.20%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is currently 138.71%.

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.