Artemis Investment Management LLP Invests $4.12 Million in Rexford Industrial Realty Inc (REXR) Stock
Artemis Investment Management LLP bought a new position in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 150,254 shares of the company’s stock, valued at approximately $4,124,000. Artemis Investment Management LLP owned about 0.21% of Rexford Industrial Realty at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in REXR. Norges Bank acquired a new position in Rexford Industrial Realty during the fourth quarter worth $580,000. Russell Investments Group Ltd. boosted its holdings in Rexford Industrial Realty by 8.5% during the first quarter. Russell Investments Group Ltd. now owns 1,029,288 shares of the company’s stock worth $23,169,000 after purchasing an additional 80,389 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Rexford Industrial Realty by 1.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,347 shares of the company’s stock worth $233,000 after purchasing an additional 181 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Rexford Industrial Realty by 2.0% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 64,158 shares of the company’s stock worth $1,445,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Rexford Industrial Realty by 51.4% during the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock worth $119,000 after purchasing an additional 1,800 shares during the last quarter.
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Shares of Rexford Industrial Realty Inc (NASDAQ:REXR) opened at 29.80 on Monday. Rexford Industrial Realty Inc has a 52-week low of $20.05 and a 52-week high of $30.32. The firm’s 50-day moving average is $28.43 and its 200 day moving average is $25.86. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 63.81.
Rexford Industrial Realty (NASDAQ:REXR) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm had revenue of $36.78 million for the quarter, compared to the consensus estimate of $36.75 million. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. On average, equities research analysts anticipate that Rexford Industrial Realty Inc will post $0.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, September 28th.
Several research firms have issued reports on REXR. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. 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. FBR & Co began coverage on shares of Rexford Industrial Realty in a research report on Tuesday, July 11th. They set a “mkt perform” rating and a $26.00 price target on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, July 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Rexford Industrial Realty has an average rating of “Buy” and a consensus target price of $30.43.
Rexford Industrial Realty 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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