Vanguard Group Inc. Has $1.16 Billion Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Vanguard Group Inc. lifted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,931,981 shares of the real estate investment trust’s stock after purchasing an additional 562,710 shares during the quarter. Vanguard Group Inc. owned 0.13% of Rexford Industrial Realty worth $1,157,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in Rexford Industrial Realty by 60.5% in the 4th quarter. LPL Financial LLC now owns 70,416 shares of the real estate investment trust’s stock valued at $2,722,000 after buying an additional 26,555 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Rexford Industrial Realty in the fourth quarter valued at about $1,717,000. Sei Investments Co. increased its stake in Rexford Industrial Realty by 15.3% in the fourth quarter. Sei Investments Co. now owns 682,655 shares of the real estate investment trust’s stock valued at $26,391,000 after acquiring an additional 90,476 shares during the period. American Century Companies Inc. raised its position in Rexford Industrial Realty by 3.4% in the fourth quarter. American Century Companies Inc. now owns 74,987 shares of the real estate investment trust’s stock worth $2,899,000 after purchasing an additional 2,452 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Rexford Industrial Realty during the fourth quarter worth about $33,000. 99.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

REXR has been the topic of several analyst reports. Barclays lowered their price objective on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday. Mizuho dropped their price objective on 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 initiated coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price on the stock. Scotiabank dropped their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Robert W. Baird cut their price target 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and a consensus target price of $46.83.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $39.92 on Friday. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $52.61. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $40.35 and its 200-day moving average is $42.55. The firm has a market capitalization of $9.10 billion, a price-to-earnings ratio of 33.00, a PEG ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (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%. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. 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 is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

Rexford Industrial Realty Company 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.