Quantinno Capital Management LP Purchases 1,744 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Quantinno Capital Management LP raised its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 14.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,939 shares of the real estate investment trust’s stock after buying an additional 1,744 shares during the quarter. Quantinno Capital Management LP’s holdings in Rexford Industrial Realty were worth $701,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its stake in Rexford Industrial Realty by 239.6% in 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. IHT Wealth Management LLC lifted its stake in Rexford Industrial Realty by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 296 shares in the last quarter. HighTower Advisors LLC lifted its stake in Rexford Industrial Realty by 256.6% in the 3rd quarter. HighTower Advisors LLC now owns 57,431 shares of the real estate investment trust’s stock valued at $2,909,000 after acquiring an additional 41,324 shares in the last quarter. Centiva Capital LP raised its stake in shares of Rexford Industrial Realty by 17.3% during the 3rd quarter. Centiva Capital LP now owns 30,992 shares of the real estate investment trust’s stock worth $1,559,000 after purchasing an additional 4,562 shares in the last quarter. Finally, Atom Investors LP bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $4,680,000. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $40.87 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s fifty day moving average price is $43.44 and its two-hundred day moving average price is $46.61. Rexford Industrial Realty, Inc. has a one year low of $39.85 and a one year high of $58.02. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 33.23, a P/E/G ratio of 1.93 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXR) last issued 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 net margin of 30.40% and a return on equity of 3.35%. The firm had revenue of $241.84 million during the quarter, compared to analyst estimates of $235.81 million. During the same period in the prior year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is 135.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on REXR shares. Bank of America cut 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 research note on Monday, October 21st. Mizuho dropped their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Truist Financial dropped their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. StockNews.com cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Finally, Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.