Aigen Investment Management LP Acquires Shares of 18,607 Rexford Industrial Realty, Inc. (NYSE:REXR)

Aigen Investment Management LP bought a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,607 shares of the real estate investment trust’s stock, valued at approximately $719,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Paradigm Asset Management Co. LLC acquired a new position in shares of Rexford Industrial Realty in the 4th quarter worth approximately $1,082,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Rexford Industrial Realty in the 3rd quarter worth approximately $3,376,000. Impax Asset Management Group plc boosted its holdings in shares of Rexford Industrial Realty by 63.6% in the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock worth $839,000 after acquiring an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Rexford Industrial Realty by 26.9% in 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 acquiring an additional 954,202 shares in the last quarter. Finally, Rothschild Investment LLC boosted its holdings in shares of Rexford Industrial Realty by 760,280.0% in the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock worth $1,470,000 after acquiring an additional 38,014 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $40.77 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. Rexford Industrial Realty, Inc. has a 52 week low of $36.92 and a 52 week high of $53.88. The firm has a fifty day moving average of $39.95 and a two-hundred day moving average of $43.70. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.22%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio is currently 142.15%.

Analyst Ratings Changes

Several brokerages have recently commented on REXR. Truist Financial reduced their target price on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Barclays reduced their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Robert W. Baird reduced their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday. Mizuho reduced their price objective 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, 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 report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $48.50.

Rexford Industrial Realty Company 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.