Davis Selected Advisers Buys 22 Shares of Rexford Industrial Realty Inc (REXR)

Davis Selected Advisers lifted its position in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) by 0.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 209,680 shares of the company’s stock after purchasing an additional 22 shares during the period. Davis Selected Advisers owned about 0.30% of Rexford Industrial Realty worth $5,754,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its stake in Rexford Industrial Realty by 5.4% during the first quarter. Sei Investments Co. now owns 514,163 shares of the company’s stock valued at $11,578,000 after purchasing an additional 26,148 shares during the last quarter. Prudential Financial Inc. increased its stake in Rexford Industrial Realty by 2.9% during the second quarter. Prudential Financial Inc. now owns 1,584,629 shares of the company’s stock valued at $43,482,000 after purchasing an additional 44,630 shares during the last quarter. Legal & General Group Plc increased its stake in Rexford Industrial Realty by 8.2% during the second quarter. Legal & General Group Plc now owns 605,279 shares of the company’s stock valued at $16,609,000 after purchasing an additional 45,667 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Rexford Industrial Realty during the second quarter valued at $4,124,000. Finally, Vanguard Group Inc. increased its stake in Rexford Industrial Realty by 1.2% during the first quarter. Vanguard Group Inc. now owns 7,917,485 shares of the company’s stock valued at $178,301,000 after purchasing an additional 91,731 shares during the last quarter.

Rexford Industrial Realty Inc (NASDAQ REXR) opened at 29.51 on Friday. The stock has a 50 day moving average price of $29.07 and a 200-day moving average price of $26.46. Rexford Industrial Realty Inc has a one year low of $20.05 and a one year high of $30.60. The firm has a market cap of $2.09 billion and a P/E ratio of 63.19.

Rexford Industrial Realty (NASDAQ:REXR) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $36.78 million for the quarter, compared to analyst estimates of $36.75 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The company’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. Analysts predict that Rexford Industrial Realty Inc will post $0.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.145 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.58 annualized dividend and a yield of 1.97%.

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A number of equities analysts recently issued reports on REXR shares. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target on shares of Rexford Industrial Realty in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target on shares of Rexford Industrial Realty in a report on Friday, July 14th. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and upped their price objective for the company from $23.00 to $32.00 in a research note on Tuesday, August 29th. Finally, Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.86.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Institutional Ownership by Quarter for Rexford Industrial Realty (NASDAQ:REXR)

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