Charles Schwab Investment Management Inc. Trims Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Charles Schwab Investment Management Inc. lessened its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,689,544 shares of the real estate investment trust’s stock after selling 5,941 shares during the period. Charles Schwab Investment Management Inc. owned about 1.21% of Rexford Industrial Realty worth $135,311,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. M&G Plc increased its holdings in Rexford Industrial Realty by 12.2% in the second quarter. M&G Plc now owns 754,952 shares of the real estate investment trust’s stock valued at $33,973,000 after buying an additional 82,078 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Rexford Industrial Realty by 23.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 62,445 shares of the real estate investment trust’s stock valued at $3,089,000 after acquiring an additional 12,006 shares in the last quarter. SG Americas Securities LLC lifted its stake in Rexford Industrial Realty by 61.4% during the second quarter. SG Americas Securities LLC now owns 50,822 shares of the real estate investment trust’s stock worth $2,266,000 after purchasing an additional 19,340 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in Rexford Industrial Realty by 15.8% in the third quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock worth $23,730,000 after purchasing an additional 64,264 shares during the period. Finally, PGGM Investments boosted its holdings in Rexford Industrial Realty by 16.5% in the second quarter. PGGM Investments now owns 2,833,520 shares of the real estate investment trust’s stock worth $126,347,000 after purchasing an additional 401,593 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CFO Laura E. Clark sold 14,185 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Rexford Industrial Realty Trading Up 0.3 %

Shares of REXR stock opened at $42.08 on Monday. Rexford Industrial Realty, Inc. has a 1 year low of $41.16 and a 1 year high of $58.02. The firm has a market capitalization of $9.36 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94. The stock has a fifty day moving average of $46.16 and a two-hundred day moving average of $47.00. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.28). The company had revenue of $241.84 million during the quarter, compared to analyst estimates of $235.81 million. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 EPS. As a group, research analysts expect that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.4175 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 3.97%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 135.77%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank downgraded shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $66.00 to $49.00 in a research report on Monday, October 21st. Finally, StockNews.com lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.09.

Rexford Industrial Realty Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.