American Assets Capital Advisers LLC Has $6.08 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

American Assets Capital Advisers LLC decreased its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 25.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,937 shares of the real estate investment trust’s stock after selling 40,842 shares during the period. Rexford Industrial Realty comprises approximately 1.9% of American Assets Capital Advisers LLC’s holdings, making the stock its 20th largest holding. American Assets Capital Advisers LLC’s holdings in Rexford Industrial Realty were worth $6,084,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Capital International Investors increased its stake in Rexford Industrial Realty by 687.7% in the first quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust’s stock valued at $985,411,000 after acquiring an additional 17,103,653 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Rexford Industrial Realty by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust’s stock valued at $1,002,654,000 after purchasing an additional 4,197,907 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Rexford Industrial Realty by 262.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,237,288 shares of the real estate investment trust’s stock worth $112,536,000 after buying an additional 1,620,378 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Rexford Industrial Realty by 38.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,907,560 shares of the real estate investment trust’s stock worth $129,648,000 after buying an additional 800,137 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust’s stock valued at $1,495,668,000 after buying an additional 753,098 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 2.4 %

Shares of NYSE:REXR traded down $1.04 during trading on Tuesday, hitting $41.72. 508,570 shares of the company’s stock were exchanged, compared to its average volume of 1,717,718. The firm has a 50-day moving average price of $47.76 and a two-hundred day moving average price of $47.12. Rexford Industrial Realty, Inc. has a 1-year low of $41.61 and a 1-year high of $58.02. The firm has a market cap of $9.28 billion, a P/E ratio of 34.76, a PEG ratio of 2.06 and a beta of 0.94. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.28). The business had revenue of $241.84 million for the quarter, compared to the consensus estimate of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. Equities analysts predict that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 4.00%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s payout ratio is 135.77%.

Analyst Upgrades and Downgrades

REXR has been the subject of several recent analyst reports. Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Truist Financial lifted their price target on shares of Rexford Industrial Realty from $50.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Wells Fargo & Company reduced their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Bank of America lowered shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Finally, StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.45.

Insiders Place Their Bets

In other news, CFO Laura E. Clark sold 14,185 shares of the company’s stock in a transaction dated 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 the SEC website. Company insiders own 1.20% of the company’s stock.

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.