Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 282,598 shares of the real estate investment trust’s stock after acquiring an additional 4,518 shares during the quarter. Reinhart Partners LLC.’s holdings in Rexford Industrial Realty were worth $10,925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fulton Bank N.A. lifted its position in Rexford Industrial Realty by 14.9% in the fourth quarter. Fulton Bank N.A. now owns 5,791 shares of the real estate investment trust’s stock valued at $224,000 after buying an additional 753 shares during the last quarter. Nordea Investment Management AB acquired a new position in Rexford Industrial Realty in the fourth quarter valued at about $8,008,000. Everence Capital Management Inc. acquired a new position in Rexford Industrial Realty in the fourth quarter valued at about $291,000. JPMorgan Chase & Co. lifted its position in Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after buying an additional 954,202 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Rexford Industrial Realty in the third quarter valued at about $10,925,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

REXR has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Mizuho decreased their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. StockNews.com cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Two 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 data from MarketBeat, Rexford Industrial Realty has an average rating of “Hold” and a consensus price target of $50.27.

Rexford Industrial Realty Stock Up 1.6 %

Shares of REXR stock traded up $0.58 during trading hours on Monday, reaching $37.75. 967,680 shares of the stock were exchanged, compared to its average volume of 1,576,926. The business’s fifty day moving average is $40.66 and its two-hundred day moving average is $45.80. 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 12-month low of $36.92 and a 12-month high of $56.14. The firm has a market capitalization of $8.40 billion, a P/E ratio of 30.69, a P/E/G ratio of 1.94 and a beta of 0.95.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The firm had revenue of $241.84 million for the quarter, compared to analysts’ expectations of $235.81 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, research analysts expect that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 4.42%. Rexford Industrial Realty’s payout ratio is 135.77%.

Rexford Industrial Realty 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.