V Square Quantitative Management LLC Purchases Shares of 576 Rexford Industrial Realty, Inc. (NYSE:REXR)

V Square Quantitative Management LLC bought a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 576 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Several other large investors also recently bought and sold shares of REXR. Tower Research Capital LLC TRC lifted its stake in shares of Rexford Industrial Realty by 116.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 46,150 shares of the real estate investment trust’s stock valued at $2,589,000 after purchasing an additional 24,793 shares during the last quarter. M&G Plc purchased a new stake in shares of Rexford Industrial Realty in the first quarter valued at $33,644,000. First Financial Bank Trust Division purchased a new position in shares of Rexford Industrial Realty during the 1st quarter worth about $2,551,000. GSI Capital Advisors LLC grew its holdings in Rexford Industrial Realty by 45.0% during the 4th quarter. GSI Capital Advisors LLC now owns 191,054 shares of the real estate investment trust’s stock valued at $10,718,000 after purchasing an additional 59,320 shares during the last quarter. Finally, Magnetar Financial LLC bought a new stake in Rexford Industrial Realty in the first quarter worth about $1,671,000. Institutional investors own 99.52% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Howard Schwimmer sold 30,358 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $48.86, for a total value of $1,483,291.88. Following the transaction, the chief executive officer now owns 50,673 shares of the company’s stock, valued at approximately $2,475,882.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

REXR has been the subject of a number of research reports. StockNews.com upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. Wedbush began coverage on Rexford Industrial Realty in a research report on Monday, April 22nd. They set a “neutral” rating and a $45.00 price target on the stock. Robert W. Baird dropped their target price on shares of Rexford Industrial Realty from $57.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, May 1st. Barclays boosted their price objective on shares of Rexford Industrial Realty from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 23rd. Finally, Evercore ISI started coverage on Rexford Industrial Realty in a report on Wednesday, July 10th. They issued an “outperform” rating and a $54.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $52.70.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR traded up $0.23 during midday trading on Thursday, hitting $49.85. The stock had a trading volume of 32,907 shares, compared to its average volume of 1,724,947. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. Rexford Industrial Realty, Inc. has a 1 year low of $41.56 and a 1 year high of $58.02. The company has a market capitalization of $10.94 billion, a PE ratio of 45.53, a P/E/G ratio of 2.04 and a beta of 0.92. The stock has a 50 day simple moving average of $47.04 and a 200-day simple moving average of $47.98.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.21). Rexford Industrial Realty had a net margin of 30.71% and a return on equity of 3.31%. The business had revenue of $237.60 million for the quarter, compared to analysts’ expectations of $227.70 million. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue was up 21.3% on a year-over-year basis. On average, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.35 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, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.4175 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.67 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Monday, September 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 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.