Westpac Banking Corp lowered its position in Rexford Industrial Realty Inc (NASDAQ:REXR) by 31.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 316,993 shares of the company’s stock after selling 147,584 shares during the period. Westpac Banking Corp owned approximately 0.48% of Rexford Industrial Realty worth $6,534,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Rexford Industrial Realty by 2.4% in the fourth quarter. State Street Corp now owns 2,117,820 shares of the company’s stock worth $49,111,000 after buying an additional 49,242 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Rexford Industrial Realty by 9.2% in the third quarter. BlackRock Fund Advisors now owns 1,733,249 shares of the company’s stock worth $39,674,000 after buying an additional 146,249 shares during the last quarter. First Foundation Advisors boosted its stake in shares of Rexford Industrial Realty by 2.3% in the first quarter. First Foundation Advisors now owns 1,138,558 shares of the company’s stock worth $25,640,000 after buying an additional 25,095 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Rexford Industrial Realty by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 1,029,288 shares of the company’s stock worth $23,169,000 after buying an additional 80,389 shares during the last quarter. Finally, GRS Advisors LLC boosted its stake in shares of Rexford Industrial Realty by 8.0% in the third quarter. GRS Advisors LLC now owns 955,158 shares of the company’s stock worth $21,864,000 after buying an additional 70,595 shares during the last quarter.

Institutional Ownership by Quarter for Rexford Industrial Realty (NASDAQ:REXR)

Shares of Rexford Industrial Realty Inc (NASDAQ:REXR) traded down 1.01% during trading on Friday, reaching $27.54. The company’s stock had a trading volume of 1,620,003 shares. The company’s 50-day moving average is $26.50 and its 200-day moving average is $23.92. The company has a market capitalization of $1.83 billion and a P/E ratio of 70.80. Rexford Industrial Realty Inc has a 12 month low of $20.05 and a 12 month high of $28.37.

Rexford Industrial Realty (NASDAQ:REXR) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The firm had revenue of $35.35 million during the quarter, compared to analysts’ expectations of $35.53 million. During the same quarter in the previous year, the company posted $0.22 EPS. Rexford Industrial Realty’s revenue was up 28.5% on a year-over-year basis. On average, analysts forecast that Rexford Industrial Realty Inc will post $0.19 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a $0.367 dividend. The ex-dividend date of this dividend is Tuesday, June 13th.

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A number of analysts have recently weighed in on REXR shares. Zacks Investment Research upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. National Securities reissued a “neutral” rating and issued a $23.00 price objective (up from $22.00) on shares of Rexford Industrial Realty in a report on Thursday, May 11th. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price objective on shares of Rexford Industrial Realty in a report on Monday, March 20th. Wunderlich reissued a “hold” rating and issued a $24.00 price objective (up from $22.00) on shares of Rexford Industrial Realty in a report on Tuesday, May 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price objective (up from $27.50) on shares of Rexford Industrial Realty in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $25.43.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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