Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 71.0% during the fourth quarter, HoldingsChannel reports. The fund owned 23,303 shares of the real estate investment trust’s stock after selling 56,945 shares during the quarter. New York Life Investment Management LLC’s holdings in Rexford Industrial Realty were worth $901,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its stake in shares of Rexford Industrial Realty by 2.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 45,144 shares of the real estate investment trust’s stock worth $1,745,000 after acquiring an additional 872 shares during the period. Amalgamated Bank increased its stake in shares of Rexford Industrial Realty by 0.9% during the fourth quarter. Amalgamated Bank now owns 105,243 shares of the real estate investment trust’s stock worth $4,069,000 after acquiring an additional 962 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Rexford Industrial Realty by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,777,062 shares of the real estate investment trust’s stock worth $68,701,000 after acquiring an additional 23,736 shares during the period. Impax Asset Management Group plc boosted its holdings in Rexford Industrial Realty by 63.6% during the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 8,431 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in Rexford Industrial Realty by 760,280.0% during the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock worth $1,470,000 after buying an additional 38,014 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 0.6 %

Shares of NYSE REXR opened at $41.07 on Tuesday. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $53.88. The company has a market capitalization of $9.36 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50-day moving average is $39.82 and its two-hundred day moving average is $43.81.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s payout ratio is currently 142.15%.

Analyst Ratings Changes

A number of research firms recently commented on REXR. Scotiabank decreased their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday. Mizuho decreased their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.67.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.