Thrivent Financial For Lutherans decreased its position in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) by 7.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,754 shares of the company’s stock after selling 2,900 shares during the period. Thrivent Financial For Lutherans owned about 0.05% of Rexford Industrial Realty worth $760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of REXR. SG Americas Securities LLC bought a new position in Rexford Industrial Realty during the first quarter valued at $114,000. Daiwa Securities Group Inc. boosted its position in shares of Rexford Industrial Realty by 51.4% in the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock valued at $119,000 after buying an additional 1,800 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $128,000. Westside Investment Management Inc. acquired a new position in shares of Rexford Industrial Realty during the first quarter valued at approximately $138,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Rexford Industrial Realty by 1.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,300 shares of the company’s stock valued at $146,000 after buying an additional 100 shares during the last quarter.

Rexford Industrial Realty Inc (REXR) traded down 2.14% during trading on Monday, reaching $27.49. 509,760 shares of the company were exchanged. The firm’s 50 day moving average price is $27.73 and its 200-day moving average price is $24.99. The stock has a market capitalization of $1.95 billion and a price-to-earnings ratio of 58.87. Rexford Industrial Realty Inc has a one year low of $20.05 and a one year high of $29.01.

Rexford Industrial Realty (NASDAQ:REXR) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Rexford Industrial Realty had a return on equity of 1.96% and a net margin of 16.18%. The company had revenue of $36.78 million for the quarter, compared to analysts’ expectations of $36.75 million. During the same period last year, the firm posted $0.22 earnings per share. Rexford Industrial Realty’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts predict that Rexford Industrial Realty Inc will post $0.19 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.58 annualized dividend and a dividend yield of 2.11%.

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REXR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Friday, April 21st. Wunderlich restated a “hold” rating and set a $24.00 target price (up previously from $22.00) on shares of Rexford Industrial Realty in a report on Tuesday, May 9th. National Securities reaffirmed a “neutral” rating and set a $23.00 price target (up from $22.00) on shares of Rexford Industrial Realty in a research report on Thursday, May 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 price target (up from $27.50) on shares of Rexford Industrial Realty in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 price target (up from $26.00) on shares of Rexford Industrial Realty in a research report on Sunday, June 25th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.71.

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.

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

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