Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by PGGM Investments

PGGM Investments boosted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,302,781 shares of the real estate investment trust’s stock after purchasing an additional 344,972 shares during the period. Rexford Industrial Realty makes up approximately 1.7% of PGGM Investments’ portfolio, making the stock its 17th biggest holding. PGGM Investments owned approximately 1.49% of Rexford Industrial Realty worth $127,686,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in REXR. UMB Bank n.a. raised its holdings in 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 buying an additional 280 shares during the period. Archer Investment Corp raised its stake in shares of Rexford Industrial Realty by 61.5% in the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 800 shares during the period. SRS Capital Advisors Inc. lifted its holdings in shares of Rexford Industrial Realty by 4,104.5% during the 4th 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 in the last quarter. Exchange Traded Concepts LLC boosted 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 during the period. Finally, Quarry LP lifted its stake in shares of Rexford Industrial Realty by 239.6% during the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 1.3 %

NYSE REXR opened at $39.07 on Thursday. 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 $53.45. The company has a 50-day simple moving average of $40.03 and a 200-day simple moving average of $43.32. The firm has a market capitalization of $8.91 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98.

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 return on equity of 3.26% and a net margin of 29.10%. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. 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 4.40%. Rexford Industrial Realty’s payout ratio is 142.15%.

Wall Street Analysts Forecast Growth

REXR has been the topic of several analyst reports. Scotiabank dropped their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Robert W. Baird dropped their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price target for the company. Mizuho cut their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays decreased their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

About Rexford Industrial Realty

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.