Amundi Pioneer Asset Management Inc. cut its position in Rexford Industrial Realty Inc (NYSE:REXR) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168,900 shares of the real estate investment trust’s stock after selling 9,500 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.22% of Rexford Industrial Realty worth $4,834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in REXR. Dimensional Fund Advisors LP boosted its stake in shares of Rexford Industrial Realty by 21.5% in the first quarter. Dimensional Fund Advisors LP now owns 911,582 shares of the real estate investment trust’s stock valued at $20,528,000 after purchasing an additional 161,187 shares during the period. Bank of Montreal Can boosted its stake in shares of Rexford Industrial Realty by 209.8% in the second quarter. Bank of Montreal Can now owns 10,492 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 7,105 shares during the period. Aperio Group LLC boosted its stake in shares of Rexford Industrial Realty by 90.8% in the second quarter. Aperio Group LLC now owns 18,443 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 8,776 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Rexford Industrial Realty by 13.2% in the second quarter. Daiwa Securities Group Inc. now owns 6,000 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 700 shares during the period. Finally, Suffolk Capital Management LLC purchased a new position in shares of Rexford Industrial Realty in the second quarter valued at $694,000.

Rexford Industrial Realty Inc (NYSE REXR) traded down $0.03 during midday trading on Friday, reaching $31.34. 524,822 shares of the company’s stock were exchanged, compared to its average volume of 419,581. Rexford Industrial Realty Inc has a 12-month low of $21.34 and a 12-month high of $31.71. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The company has a market cap of $2,443.69, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 4.08 and a beta of 0.77.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $43.30 million for the quarter, compared to the consensus estimate of $41.77 million. During the same period in the prior year, the firm posted $0.22 EPS. The firm’s revenue was up 30.0% compared to the same quarter last year. research analysts predict that Rexford Industrial Realty Inc will post 0.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.145 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.85%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 134.89%.

Several brokerages have recently weighed in on REXR. National Securities restated a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a research note on Monday, November 27th. BidaskClub downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Stifel Nicolaus restated a “buy” rating and issued a $33.00 target price (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, September 14th. Jefferies Group restated a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. Finally, FBR & Co upped their target price on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.80.

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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.

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

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