Sei Investments Co. Raises Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Sei Investments Co. grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 682,655 shares of the real estate investment trust’s stock after acquiring an additional 90,476 shares during the quarter. Sei Investments Co. owned about 0.31% of Rexford Industrial Realty worth $26,391,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of Rexford Industrial Realty during the fourth quarter worth about $33,000. UMB Bank n.a. grew its stake in shares of Rexford Industrial Realty by 38.9% in the 4th 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 during the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 1,248 shares during the period. Quarry LP raised its stake in shares of Rexford Industrial Realty by 239.6% during the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 1,869 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,709 shares during the period. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $39.90 on Thursday. The stock has a fifty day moving average price of $40.35 and a 200 day moving average price of $42.57. 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 stock has a market cap of $9.09 billion, a PE ratio of 32.97, a P/E/G ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.31%. Rexford Industrial Realty’s dividend payout ratio is currently 142.15%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Mizuho dropped their price target 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. Barclays reduced their price objective on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday. Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a report on Tuesday. Finally, Scotiabank cut their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.83.

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.