Nicola Wealth Management LTD. Sells 6,300 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Nicola Wealth Management LTD. decreased its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 22.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,010 shares of the real estate investment trust’s stock after selling 6,300 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Rexford Industrial Realty were worth $851,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 280 shares in the last quarter. Archer Investment Corp grew its holdings in Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 800 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Rexford Industrial Realty in the 3rd quarter valued at $129,000. International Assets Investment Management LLC lifted its stake in Rexford Industrial Realty by 4,835.8% during the 3rd quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 2,563 shares in the last quarter. Finally, Quarry LP lifted its stake in Rexford Industrial Realty by 239.6% during the 3rd quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 1,869 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 0.6 %

Shares of NYSE REXR opened at $41.07 on Tuesday. 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 stock has a market capitalization of $9.36 billion, a PE ratio of 33.94, a P/E/G ratio of 2.62 and a beta of 0.95. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $53.88. The business’s fifty day moving average price is $39.82 and its 200-day moving average price is $43.81.

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

Rexford Industrial Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.19%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on REXR shares. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Scotiabank dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Mizuho reduced their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.67.

Rexford Industrial Realty Company 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.