Jane Street Group LLC Decreases Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Jane Street Group LLC reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 56.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 85,273 shares of the real estate investment trust’s stock after selling 109,282 shares during the quarter. Jane Street Group LLC’s holdings in Rexford Industrial Realty were worth $4,290,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in REXR. CWM LLC boosted its stake in Rexford Industrial Realty by 73.9% in the second quarter. CWM LLC now owns 1,485 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 631 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Rexford Industrial Realty during the second quarter valued at $424,000. Envestnet Portfolio Solutions Inc. increased its position in Rexford Industrial Realty by 28.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,380 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 1,185 shares during the last quarter. Raymond James & Associates raised its stake in shares of Rexford Industrial Realty by 264.5% in the second quarter. Raymond James & Associates now owns 361,672 shares of the real estate investment trust’s stock valued at $16,127,000 after buying an additional 262,435 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Rexford Industrial Realty by 2.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,641 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 337 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 0.3 %

REXR opened at $39.94 on Wednesday. The company has a fifty day moving average price of $43.29 and a 200-day moving average price of $46.61. The firm has a market capitalization of $8.88 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. Rexford Industrial Realty, Inc. has a one year low of $39.85 and a one year high of $57.01.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results 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). The firm had revenue of $241.84 million for the quarter, compared to analysts’ expectations of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s dividend payout ratio is currently 135.77%.

Analyst Ratings Changes

Several brokerages recently weighed in on REXR. Truist Financial decreased their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Wells Fargo & Company lowered 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 downgraded shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a report on Friday, October 18th. Finally, StockNews.com lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two equities 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 company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.09.

Rexford Industrial Realty Company Profile

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.