Sei Investments Co. lifted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 658,374 shares of the real estate investment trust’s stock after purchasing an additional 16,870 shares during the period. Sei Investments Co. owned about 0.85% of Rexford Industrial Realty worth $18,843,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in shares of Rexford Industrial Realty by 1.9% during the second quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 71 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Rexford Industrial Realty by 0.4% during the second quarter. Stifel Financial Corp now owns 24,636 shares of the real estate investment trust’s stock worth $675,000 after purchasing an additional 100 shares during the last quarter. GAM Holding AG lifted its position in shares of Rexford Industrial Realty by 7.5% during the second quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 400 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Rexford Industrial Realty by 13.6% during the second quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 453 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Rexford Industrial Realty by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 469 shares during the last quarter. 92.46% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty, Inc. (NYSE:REXR) traded down $0.05 on Wednesday, reaching $30.31. 234,200 shares of the company traded hands, compared to its average volume of 469,027. The firm has a market capitalization of $2,365.01, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 3.95 and a beta of 0.75. Rexford Industrial Realty, Inc. has a 52-week low of $20.77 and a 52-week high of $30.66. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.57.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The company had revenue of $43.30 million for the quarter, compared to analyst estimates of $41.77 million. During the same quarter last year, the business earned $0.22 earnings per share. Rexford Industrial Realty’s revenue was up 30.0% compared to the same quarter last year. equities analysts anticipate that Rexford Industrial Realty, Inc. will post 0.96 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.58 annualized dividend and a dividend yield of 1.91%. Rexford Industrial Realty’s payout ratio is currently 134.89%.

Several equities analysts have recently commented on the stock. J P Morgan Chase & Co cut shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research report on Tuesday, September 26th. B. Riley reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price objective (up previously from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, September 14th. Finally, Zacks Investment Research lowered shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $30.60.

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About Rexford Industrial Realty

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 (NYSE:REXR)

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