UniSuper Management Pty Ltd Boosts Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

UniSuper Management Pty Ltd grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,400 shares of the real estate investment trust’s stock after buying an additional 600 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Rexford Industrial Realty were worth $2,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in REXR. Quantbot Technologies LP purchased a new stake in Rexford Industrial Realty in the 4th quarter valued at approximately $33,000. UMB Bank n.a. lifted its position in shares of Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,248 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock valued at $107,000 after acquiring an additional 2,709 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 371 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on REXR. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday. Mizuho lowered their target price on shares of 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. Barclays reduced their price target on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th. Scotiabank lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.83.

Rexford Industrial Realty Trading Down 1.4 %

NYSE REXR opened at $39.37 on Friday. The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $52.61. The company’s 50 day moving average price is $40.35 and its 200 day moving average price is $42.42.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS 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%. On average, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently announced 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 is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.37%. Rexford Industrial Realty’s dividend payout ratio is presently 142.15%.

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.