Diametric Capital LP Buys New Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Diametric Capital LP purchased a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,383 shares of the real estate investment trust’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Rexford Industrial Realty by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust’s stock worth $1,157,170,000 after purchasing an additional 562,710 shares during the last quarter. JPMorgan Chase & Co. grew its position in Rexford Industrial Realty by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after purchasing an additional 954,202 shares during the period. Geode Capital Management LLC raised its stake in shares of Rexford Industrial Realty by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust’s stock valued at $205,014,000 after buying an additional 74,865 shares during the last quarter. PGGM Investments lifted its holdings in shares of Rexford Industrial Realty by 11.7% in the 4th quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust’s stock valued at $127,686,000 after buying an additional 344,972 shares during the period. Finally, Boston Partners boosted its stake in shares of Rexford Industrial Realty by 7.5% in the fourth quarter. Boston Partners now owns 3,160,272 shares of the real estate investment trust’s stock worth $122,184,000 after buying an additional 221,478 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on REXR shares. JPMorgan Chase & Co. decreased their price target 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 decreased their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price target on the stock. Industrial Alliance Securities set a $38.00 price objective on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Robert W. Baird dropped their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.83.

Rexford Industrial Realty Trading Down 0.0 %

REXR stock opened at $39.15 on Wednesday. The business’s 50-day moving average is $40.33 and its 200 day moving average is $42.21. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $52.61. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.62 and a beta of 0.98. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

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

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.43 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 142.15%.

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.