Rexford Industrial Realty, Inc. (NYSE:REXR) Position Boosted by Archer Investment Corp

Archer Investment Corp boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 61.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,100 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Archer Investment Corp’s holdings in Rexford Industrial Realty were worth $106,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of REXR. Russell Investments Group Ltd. raised its holdings in Rexford Industrial Realty by 32.8% during the first quarter. Russell Investments Group Ltd. now owns 159,845 shares of the real estate investment trust’s stock worth $8,040,000 after purchasing an additional 39,524 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Rexford Industrial Realty by 2.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 129,045 shares of the real estate investment trust’s stock valued at $6,491,000 after acquiring an additional 2,732 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Rexford Industrial Realty by 13.7% in the first quarter. Westfield Capital Management Co. LP now owns 727,744 shares of the real estate investment trust’s stock worth $36,606,000 after buying an additional 87,760 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust’s stock worth $1,495,668,000 after acquiring an additional 753,098 shares during the last quarter. Finally, Nicola Wealth Management LTD. increased its stake in Rexford Industrial Realty by 59.5% in the 1st quarter. Nicola Wealth Management LTD. now owns 22,510 shares of the real estate investment trust’s stock worth $1,132,000 after purchasing an additional 8,400 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.6 %

Shares of Rexford Industrial Realty stock opened at $42.01 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The stock has a 50 day moving average price of $46.92 and a two-hundred day moving average price of $47.02. The stock has a market capitalization of $9.34 billion, a P/E ratio of 34.15, a PEG ratio of 2.00 and a beta of 0.94. Rexford Industrial Realty, Inc. has a 12-month low of $41.16 and a 12-month high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.28). The business had revenue of $241.84 million for the quarter, compared to the consensus estimate of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. Rexford Industrial Realty’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. Equities analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.4175 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.67 annualized dividend and a yield of 3.98%. Rexford Industrial Realty’s dividend payout ratio is 135.77%.

Insider Buying and Selling at Rexford Industrial Realty

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Industrial Alliance Securities set a $55.00 target price on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Wells Fargo & Company reduced their price objective on Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Finally, Mizuho dropped their price target on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Two equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.09.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.