Nomura Asset Management Co. Ltd. Sells 510 Shares of Rexford Industrial Realty Inc (REXR)

Nomura Asset Management Co. Ltd. lowered its stake in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,680 shares of the company’s stock after selling 510 shares during the period. Nomura Asset Management Co. Ltd. owned 0.07% of Rexford Industrial Realty worth $984,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Rexford Industrial Realty during the first quarter valued at approximately $114,000. Daiwa Securities Group Inc. raised its position in Rexford Industrial Realty by 51.4% in the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock valued at $119,000 after buying an additional 1,800 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Rexford Industrial Realty during the first quarter valued at approximately $128,000. Westside Investment Management Inc. acquired a new position in Rexford Industrial Realty during the first quarter valued at approximately $138,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Rexford Industrial Realty by 1.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,300 shares of the company’s stock valued at $146,000 after buying an additional 100 shares in the last quarter.

Shares of Rexford Industrial Realty Inc (NASDAQ:REXR) traded down 0.33% during midday trading on Tuesday, reaching $27.40. 588,533 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $27.77 and its 200-day moving average is $25.06. The stock has a market cap of $1.94 billion and a PE ratio of 58.67. Rexford Industrial Realty Inc has a 12-month low of $20.05 and a 12-month high of $29.02.

Rexford Industrial Realty (NASDAQ:REXR) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm had revenue of $36.78 million for the quarter, compared to analysts’ expectations of $36.75 million. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 earnings per share. On average, equities analysts expect that Rexford Industrial Realty Inc will post $0.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 28th.

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Several equities analysts recently commented on the stock. FBR & Co increased their target price on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, July 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $30.00 target price on shares of Rexford Industrial Realty in a report on Friday, July 14th. DA Davidson reaffirmed a “buy” rating and set a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a report on Thursday, July 13th. Finally, National Securities reissued a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a report on Thursday, May 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.86.

Rexford Industrial Realty Company Profile

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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