Swiss National Bank Acquires 6,500 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Swiss National Bank boosted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 431,716 shares of the real estate investment trust’s stock after buying an additional 6,500 shares during the quarter. Swiss National Bank’s holdings in Rexford Industrial Realty were worth $16,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of REXR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Rexford Industrial Realty by 338.0% in 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 valued at $97,134,000 after buying an additional 1,489,876 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after buying an additional 954,202 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Rexford Industrial Realty by 14.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust’s stock valued at $167,996,000 after buying an additional 431,659 shares during the last quarter. OFI Invest Asset Management acquired a new position in Rexford Industrial Realty in the 4th quarter valued at $13,959,000. Finally, Raymond James Financial Inc. acquired a new position in Rexford Industrial Realty in the 4th quarter valued at $11,830,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

REXR has been the topic of a number of research analyst reports. Barclays lowered their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased 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 report on Thursday, February 13th. Scotiabank decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock. Finally, Robert W. Baird decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $48.50.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $40.70 on Wednesday. The stock has a market cap of $9.28 billion, a P/E ratio of 33.63, a PEG ratio of 2.62 and a beta of 0.98. The company’s 50-day simple moving average is $40.14 and its 200 day simple moving average is $42.95. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. 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 (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts forecast 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. Shareholders of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.23%. Rexford Industrial Realty’s payout ratio is 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.