American Assets Capital Advisers LLC Cuts Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

American Assets Capital Advisers LLC lowered its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,937 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Rexford Industrial Realty makes up approximately 1.5% of American Assets Capital Advisers LLC’s portfolio, making the stock its 20th largest holding. American Assets Capital Advisers LLC owned about 0.05% of Rexford Industrial Realty worth $4,598,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in REXR. UMB Bank n.a. grew its position in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 280 shares during the period. IHT Wealth Management LLC grew its holdings in Rexford Industrial Realty by 4.8% during the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 296 shares during the period. CIBC Asset Management Inc increased its position in Rexford Industrial Realty by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 355 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 371 shares during the last quarter. Finally, M&T Bank Corp grew its stake in shares of Rexford Industrial Realty by 1.5% during the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust’s stock worth $1,470,000 after acquiring an additional 442 shares during the period. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $39.98 on Friday. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a market cap of $9.11 billion, a P/E ratio of 33.04, a PEG ratio of 2.62 and a beta of 0.98. The business’s 50-day moving average price is $40.06 and its two-hundred day moving average price is $43.15.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) 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%. As a group, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Monday, March 31st. 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 Upgrades and Downgrades

Several equities research analysts recently weighed in on REXR shares. Mizuho decreased their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Scotiabank cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $48.50.

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.