Vanguard Group Inc. Has $1.16 Billion Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Vanguard Group Inc. increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,931,981 shares of the real estate investment trust’s stock after purchasing an additional 562,710 shares during the quarter. Vanguard Group Inc. owned approximately 13.46% of Rexford Industrial Realty worth $1,157,170,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its holdings in shares of Rexford Industrial Realty by 49.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 965 shares in the last quarter. Intech Investment Management LLC boosted its position in Rexford Industrial Realty by 160.3% during the third quarter. Intech Investment Management LLC now owns 19,161 shares of the real estate investment trust’s stock valued at $964,000 after purchasing an additional 11,800 shares during the last quarter. Cerity Partners LLC boosted its position in Rexford Industrial Realty by 5.6% during the third quarter. Cerity Partners LLC now owns 39,332 shares of the real estate investment trust’s stock valued at $1,979,000 after purchasing an additional 2,075 shares during the last quarter. Fisher Asset Management LLC grew its stake in Rexford Industrial Realty by 9.2% in the third quarter. Fisher Asset Management LLC now owns 66,766 shares of the real estate investment trust’s stock valued at $3,359,000 after purchasing an additional 5,604 shares in the last quarter. Finally, Bank of Montreal Can increased its position in Rexford Industrial Realty by 5.2% in the 3rd quarter. Bank of Montreal Can now owns 72,416 shares of the real estate investment trust’s stock worth $3,658,000 after purchasing an additional 3,604 shares during the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on REXR. JPMorgan Chase & Co. reduced their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Robert W. Baird reduced their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday. Mizuho reduced their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday. 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, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus target price of $46.83.

Rexford Industrial Realty Price Performance

Shares of NYSE:REXR opened at $39.92 on Friday. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.62 and a beta of 0.98. The business has a 50 day moving average price of $40.35 and a 200 day moving average price of $42.55. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating 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%. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

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

Rexford Industrial Realty 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.