Hilton Capital Management LLC Buys 1,001 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Hilton Capital Management LLC raised its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 22,966 shares of the real estate investment trust’s stock after buying an additional 1,001 shares during the quarter. Hilton Capital Management LLC’s holdings in Rexford Industrial Realty were worth $888,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Archer Investment Corp lifted its position in Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 800 shares during the period. SRS Capital Advisors Inc. boosted its holdings in shares of Rexford Industrial Realty by 4,104.5% during 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 buying an additional 2,709 shares in the last quarter. Exchange Traded Concepts LLC grew its position in shares of 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 buying an additional 371 shares during the period. Finally, Quarry LP increased its stake in shares of Rexford Industrial Realty by 239.6% in the 3rd quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock worth $133,000 after acquiring an additional 1,869 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

REXR has been the topic of several research reports. Mizuho dropped their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Barclays cut their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Scotiabank lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus price target of $48.50.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $39.98 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The business has a 50-day simple moving average of $40.06 and a two-hundred day simple moving average of $43.21. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last released 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%. On average, analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.43 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

About Rexford Industrial Realty

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.