Assetmark Inc. Has $285,000 Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Assetmark Inc. boosted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 19.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,669 shares of the real estate investment trust’s stock after purchasing an additional 938 shares during the period. Assetmark Inc.’s holdings in Rexford Industrial Realty were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of REXR. Massmutual Trust Co. FSB ADV raised its holdings in Rexford Industrial Realty by 169.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 349 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at approximately $26,000. UMB Bank n.a. raised its stake in shares of Rexford Industrial Realty by 164.3% in the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 447 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Rexford Industrial Realty in the 2nd quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in Rexford Industrial Realty by 1,252.2% during the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 864 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.6 %

NYSE REXR opened at $42.01 on Friday. Rexford Industrial Realty, Inc. has a twelve month low of $41.16 and a twelve month high of $58.02. The stock has a market cap of $9.34 billion, a PE ratio of 34.15, a PEG ratio of 2.00 and a beta of 0.94. The firm has a 50-day simple moving average of $46.92 and a 200 day simple moving average of $47.05. 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 announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The firm had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. During the same quarter in the prior year, the business posted $0.56 EPS. Rexford Industrial Realty’s revenue was up 17.7% compared to the same quarter last year. On average, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.4175 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a yield of 3.98%. Rexford Industrial Realty’s dividend payout ratio is currently 135.77%.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Bank of America downgraded shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Wells Fargo & Company decreased their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating for the company in a report on Wednesday, August 28th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.09.

About Rexford Industrial Realty

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.