Heitman Real Estate Securities LLC Sells 1,722 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Heitman Real Estate Securities LLC lessened its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,366 shares of the real estate investment trust’s stock after selling 1,722 shares during the quarter. Heitman Real Estate Securities LLC’s holdings in Rexford Industrial Realty were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of REXR. HighTower Advisors LLC lifted its stake in Rexford Industrial Realty by 256.6% during the third quarter. HighTower Advisors LLC now owns 57,431 shares of the real estate investment trust’s stock worth $2,909,000 after purchasing an additional 41,324 shares during the last quarter. Centiva Capital LP boosted its holdings in Rexford Industrial Realty by 17.3% in the third quarter. Centiva Capital LP now owns 30,992 shares of the real estate investment trust’s stock worth $1,559,000 after acquiring an additional 4,562 shares in the last quarter. Atom Investors LP acquired a new position in shares of Rexford Industrial Realty during the third quarter valued at about $4,680,000. Bamco Inc. NY raised its stake in shares of Rexford Industrial Realty by 18.4% in the third quarter. Bamco Inc. NY now owns 1,526,016 shares of the real estate investment trust’s stock worth $76,774,000 after purchasing an additional 236,921 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Rexford Industrial Realty in the third quarter valued at about $1,958,000. Institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Rexford Industrial Realty Stock Up 0.1 %

Shares of REXR opened at $42.12 on Tuesday. The firm has a market cap of $9.37 billion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 1.99 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Rexford Industrial Realty, Inc. has a 12-month low of $41.16 and a 12-month high of $58.02. The company’s 50-day moving average price is $45.07 and its 200 day moving average price is $46.88.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data 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 company had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 3.96%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s payout ratio is 135.77%.

Analysts Set New Price Targets

REXR has been the subject of several recent research reports. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a research note on Friday, October 18th. Scotiabank lowered shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $55.00 to $48.00 in a report on Friday, October 25th. Bank of America lowered shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $49.00 in a report on Monday, October 21st. Mizuho cut their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.09.

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.