Nicola Wealth Management LTD. Has $851,000 Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Nicola Wealth Management LTD. cut its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 22.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,010 shares of the real estate investment trust’s stock after selling 6,300 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Rexford Industrial Realty were worth $851,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Rexford Industrial Realty by 338.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust’s stock valued at $97,134,000 after purchasing an additional 1,489,876 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rexford Industrial Realty by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after buying an additional 954,202 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Rexford Industrial Realty by 14.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust’s stock worth $167,996,000 after buying an additional 431,659 shares during the last quarter. Brookfield Corp ON acquired a new stake in Rexford Industrial Realty in the third quarter valued at about $13,838,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Rexford Industrial Realty by 19.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,448,419 shares of the real estate investment trust’s stock valued at $72,870,000 after purchasing an additional 237,624 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 0.6 %

Rexford Industrial Realty stock opened at $41.07 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $9.36 billion, a PE ratio of 33.94, a PEG ratio of 2.62 and a beta of 0.95. The firm’s fifty day moving average is $39.82 and its 200 day moving average is $43.81. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $53.88.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. As a group, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Monday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Scotiabank reduced their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday. Barclays decreased their price target 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. Truist Financial cut their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Mizuho cut their target price on 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, JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $48.67.

Rexford Industrial Realty 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.