Aigen Investment Management LP Makes New Investment in Rexford Industrial Realty, Inc. (NYSE:REXR)

Aigen Investment Management LP bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,607 shares of the real estate investment trust’s stock, valued at approximately $719,000.

A number of other large investors have also recently added to or reduced their stakes in REXR. International Assets Investment Management LLC increased its holdings in Rexford Industrial Realty by 4,835.8% during the 3rd quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,563 shares in the last quarter. US Bancorp DE boosted its stake in shares of Rexford Industrial Realty by 13.8% during the 3rd quarter. US Bancorp DE now owns 5,402 shares of the real estate investment trust’s stock worth $272,000 after buying an additional 653 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Rexford Industrial Realty by 15.8% during the 3rd quarter. Van ECK Associates Corp now owns 100,722 shares of the real estate investment trust’s stock worth $5,067,000 after buying an additional 13,709 shares during the last quarter. Impax Asset Management Group plc acquired a new position in shares of Rexford Industrial Realty during the 3rd quarter worth about $667,000. Finally, M&G PLC boosted its stake in shares of Rexford Industrial Realty by 24.0% during the 3rd quarter. M&G PLC now owns 935,892 shares of the real estate investment trust’s stock worth $46,795,000 after buying an additional 180,940 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective for the company. Robert W. Baird reduced their price objective 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. Scotiabank reduced their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Finally, Barclays cut their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $48.50.

Rexford Industrial Realty Stock Down 1.5 %

Rexford Industrial Realty stock opened at $40.77 on Friday. The stock has a market cap of $9.29 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.62 and a beta of 0.98. 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 $53.88. The company’s 50-day moving average price is $39.95 and its two-hundred day moving average price is $43.70.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results 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 net margin of 29.10% and a return on equity of 3.26%. As a group, analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.22%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 142.15%.

About Rexford Industrial Realty

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.