Vert Asset Management LLC Increases Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Vert Asset Management LLC boosted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 7.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,484 shares of the real estate investment trust’s stock after acquiring an additional 7,517 shares during the quarter. Rexford Industrial Realty accounts for about 1.4% of Vert Asset Management LLC’s investment portfolio, making the stock its 22nd largest position. Vert Asset Management LLC’s holdings in Rexford Industrial Realty were worth $4,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of REXR. Paradigm Asset Management Co. LLC bought a new stake in shares of Rexford Industrial Realty during the 4th quarter valued at $1,082,000. Charles Schwab Investment Management Inc. grew its holdings in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock valued at $107,587,000 after purchasing an additional 93,360 shares during the period. Impax Asset Management Group plc raised its position in shares of Rexford Industrial Realty by 63.6% during the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock valued at $839,000 after purchasing an additional 8,431 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 954,202 shares during the period. Finally, Rothschild Investment LLC grew its stake in Rexford Industrial Realty by 760,280.0% during the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock valued at $1,470,000 after acquiring an additional 38,014 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Up 1.4%

Shares of REXR opened at $36.07 on Monday. The company’s fifty day moving average is $34.18 and its two-hundred day moving average is $38.02. The firm has a market cap of $8.54 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.62 and a beta of 1.14. 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 fifty-two week low of $29.68 and a fifty-two week high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The business had revenue of $248.82 million for the quarter, compared to analysts’ expectations of $246.74 million. Analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.43 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.72 annualized dividend and a yield of 4.77%. Rexford Industrial Realty’s dividend payout ratio is presently 138.71%.

Analysts Set New Price Targets

Several research analysts have issued reports on REXR shares. Wells Fargo & Company dropped their target price on Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating for the company in a research report on Monday, May 19th. Truist Financial cut their target price on Rexford Industrial Realty from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird set a $43.00 target price on Rexford Industrial Realty in a research note on Tuesday, May 6th. Evercore ISI cut their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $40.00.

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.