Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 15.3% in the fourth quarter, HoldingsChannel reports. The firm owned 682,655 shares of the real estate investment trust’s stock after buying an additional 90,476 shares during the quarter. Sei Investments Co.’s holdings in Rexford Industrial Realty were worth $26,391,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Rexford Industrial Realty by 338.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust’s stock worth $97,134,000 after purchasing an additional 1,489,876 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after acquiring an additional 954,202 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $13,959,000. Diamond Hill Capital Management Inc. acquired a new position in Rexford Industrial Realty in the 4th quarter valued at $14,416,000. Finally, PGGM Investments lifted its stake in shares of Rexford Industrial Realty by 11.7% during the 4th quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust’s stock worth $127,686,000 after purchasing an additional 344,972 shares during the period. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Up 0.7 %

NYSE:REXR opened at $39.90 on Thursday. Rexford Industrial Realty, Inc. has a 12 month low of $36.92 and a 12 month high of $52.61. The business’s 50-day moving average is $40.35 and its two-hundred day moving average is $42.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $9.09 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Research analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

Analysts Set New Price Targets

Several research firms recently commented on REXR. Scotiabank dropped their target price on 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Robert W. Baird lowered their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Mizuho lowered 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. Two research 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.83.

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.