Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,748,999 shares of the real estate investment trust’s stock after selling 28,675 shares during the quarter. Schroder Investment Management Group’s holdings in Rexford Industrial Realty were worth $66,974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new position in Rexford Industrial Realty in the 4th quarter worth $33,000. UMB Bank n.a. raised its position in shares of Rexford Industrial Realty by 38.9% in the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake 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 worth $58,000 after buying an additional 1,248 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Rexford Industrial Realty by 4,104.5% in 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 in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake 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 valued at $123,000 after acquiring an additional 371 shares during the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

REXR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock. Robert W. Baird reduced their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Scotiabank lowered their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a research note on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Two research 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. Based on data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and an average price target of $46.83.

Rexford Industrial Realty Stock Down 0.6 %

REXR stock opened at $39.17 on Tuesday. The stock has a market cap of $8.93 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The firm’s 50-day simple moving average is $40.36 and its 200 day simple moving average is $42.29. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share 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%. As a group, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current 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 issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.39%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

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.