GRS Advisors LLC Purchases 20,525 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

GRS Advisors LLC increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,188,145 shares of the real estate investment trust's stock after purchasing an additional 20,525 shares during the quarter. Rexford Industrial Realty makes up 4.5% of GRS Advisors LLC's holdings, making the stock its 8th largest position. GRS Advisors LLC owned 0.53% of Rexford Industrial Realty worth $45,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in REXR. Quantbot Technologies LP purchased a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $33,000. UMB Bank n.a. lifted its stake in shares of Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after buying an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Rexford Industrial Realty by 515.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Rexford Industrial Realty in the 4th quarter valued at $65,000. Finally, SRS Capital Advisors Inc. raised its stake in Rexford Industrial Realty by 4,104.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust's stock worth $107,000 after acquiring an additional 2,709 shares during the last quarter. Institutional investors own 99.52% of the company's stock.

Wall Street Analyst Weigh In

REXR has been the topic of several research analyst reports. Truist Financial dropped their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. dropped their target price 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. Robert W. Baird set a $43.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a "hold" rating and a $40.00 price objective for the company. Finally, Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of "Hold" and a consensus target price of $42.00.

Rexford Industrial Realty Trading Down 1.5%

Rexford Industrial Realty stock traded down $0.52 during midday trading on Tuesday, hitting $35.37. 100,783 shares of the stock were exchanged, compared to its average volume of 1,924,398. 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 has a market capitalization of $8.37 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.62 and a beta of 1.12. The stock's 50-day simple moving average is $35.91 and its 200 day simple moving average is $39.02. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The firm had revenue of $248.82 million for the quarter, compared to analyst estimates of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS 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. Stockholders of record on Monday, June 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty's dividend payout ratio is presently 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.