849 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 849 shares of the real estate investment trust’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also bought and sold shares of REXR. UMB Bank n.a. raised its stake 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 last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Rexford Industrial Realty by 515.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,248 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Rexford Industrial Realty by 4,104.5% in 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 purchasing an additional 2,709 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Rexford Industrial Realty by 13.2% in 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 in the last quarter. Finally, Quarry LP grew its position in Rexford Industrial Realty by 239.6% during the 3rd 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 during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. 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 report on Tuesday, March 4th. Barclays cut their price objective on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price for the company. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. Finally, Scotiabank reduced their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $46.83.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $39.15 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market capitalization of $8.92 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The firm’s 50-day moving average is $40.33 and its two-hundred day moving average is $42.21. Rexford Industrial Realty, Inc. has a 12 month low of $36.92 and a 12 month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last posted 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%. Analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.43 dividend. 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. This represents a $1.72 dividend on an annualized basis and a yield of 4.39%. Rexford Industrial Realty’s payout ratio is presently 142.15%.

Rexford Industrial Realty Company Profile

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.