Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Aew Capital Management L P

Aew Capital Management L P lifted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 829,798 shares of the real estate investment trust’s stock after acquiring an additional 28,679 shares during the quarter. Rexford Industrial Realty accounts for approximately 1.7% of Aew Capital Management L P’s holdings, making the stock its 21st largest position. Aew Capital Management L P’s holdings in Rexford Industrial Realty were worth $46,552,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Rexford Industrial Realty by 103.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,591,399 shares of the real estate investment trust’s stock valued at $78,536,000 after purchasing an additional 808,134 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in Rexford Industrial Realty by 267.6% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,003,426 shares of the real estate investment trust’s stock valued at $49,519,000 after purchasing an additional 730,424 shares during the period. Kennedy Capital Management LLC boosted its position in Rexford Industrial Realty by 191.7% during the 3rd quarter. Kennedy Capital Management LLC now owns 342,487 shares of the real estate investment trust’s stock valued at $16,902,000 after purchasing an additional 225,064 shares during the period. UBS Group AG boosted its position in Rexford Industrial Realty by 240.7% during the 3rd quarter. UBS Group AG now owns 314,157 shares of the real estate investment trust’s stock valued at $15,504,000 after purchasing an additional 221,951 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Rexford Industrial Realty by 15.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,669,572 shares of the real estate investment trust’s stock valued at $93,663,000 after purchasing an additional 218,055 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

REXR has been the subject of a number of analyst reports. Mizuho reiterated a “neutral” rating and set a $52.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, April 2nd. Robert W. Baird reiterated a “neutral” rating and set a $61.00 price target (up previously from $53.00) on shares of Rexford Industrial Realty in a research report on Friday, January 5th. JPMorgan Chase & Co. lowered Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 price target for the company. in a research report on Wednesday, February 7th. Truist Financial reduced their price target on Rexford Industrial Realty from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Tuesday, April 16th. Finally, TheStreet upgraded Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $54.73.

Insider Buying and Selling at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 18,113 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $52.69, for a total value of $954,373.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Rexford Industrial Realty Stock Up 0.5 %

Shares of REXR stock traded up $0.20 on Friday, reaching $43.20. 1,480,014 shares of the company’s stock traded hands, compared to its average volume of 1,979,252. Rexford Industrial Realty, Inc. has a 12-month low of $41.56 and a 12-month high of $58.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.35 and a current ratio of 3.21. The company has a market capitalization of $9.41 billion, a P/E ratio of 39.63, a price-to-earnings-growth ratio of 1.87 and a beta of 0.86. The business’s 50 day moving average price is $49.30 and its two-hundred day moving average price is $50.42.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.30). The business had revenue of $214.10 million for the quarter, compared to analyst estimates of $207.39 million. Rexford Industrial Realty had a return on equity of 3.04% and a net margin of 28.84%. Rexford Industrial Realty’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.33 earnings per share for the current year.

Rexford Industrial Realty Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.417 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.67 annualized dividend and a yield of 3.86%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 153.21%.

Rexford Industrial Realty Company 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.