State of Wisconsin Investment Board acquired a new position in Rexford Industrial Realty Inc (NASDAQ:REXR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,457 shares of the company’s stock, valued at approximately $424,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Rexford Industrial Realty by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 7,917,485 shares of the company’s stock worth $178,301,000 after acquiring an additional 91,731 shares during the period. BlackRock Inc. increased its holdings in shares of Rexford Industrial Realty by 1,607.5% in the 1st quarter. BlackRock Inc. now owns 5,832,562 shares of the company’s stock worth $131,347,000 after acquiring an additional 5,490,976 shares during the period. Wellington Management Group LLP increased its holdings in shares of Rexford Industrial Realty by 6.7% in the 1st quarter. Wellington Management Group LLP now owns 2,630,219 shares of the company’s stock worth $59,233,000 after acquiring an additional 164,973 shares during the period. State Street Corp increased its holdings in shares of Rexford Industrial Realty by 4.2% in the 1st quarter. State Street Corp now owns 2,207,502 shares of the company’s stock worth $49,714,000 after acquiring an additional 89,682 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Rexford Industrial Realty by 7.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,670,177 shares of the company’s stock worth $37,612,000 after acquiring an additional 114,319 shares during the period.

A number of analysts recently weighed in on REXR shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $34.00 price objective (up previously from $32.00) on shares of Rexford Industrial Realty in a report on Thursday, August 24th. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and increased their price objective for the stock from $23.00 to $32.00 in a report on Tuesday, August 29th. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday, August 22nd. FBR & Co increased their price objective on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the stock a “mkt perform” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Rexford Industrial Realty in a report on Friday, July 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Rexford Industrial Realty presently has an average rating of “Buy” and a consensus target price of $30.43.

Rexford Industrial Realty Inc (NASDAQ REXR) opened at 30.12 on Thursday. The firm has a market cap of $2.13 billion and a PE ratio of 64.50. The firm’s 50-day moving average is $28.81 and its 200 day moving average is $26.21. Rexford Industrial Realty Inc has a 1-year low of $20.05 and a 1-year high of $30.60.

Rexford Industrial Realty (NASDAQ:REXR) last issued its earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The company had revenue of $36.78 million for the quarter, compared to the consensus estimate of $36.75 million. During the same quarter in the previous year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities analysts forecast that Rexford Industrial Realty Inc will post $0.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.58 annualized dividend and a dividend yield of 1.93%.

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

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