HUB Investment Partners LLC Takes Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

HUB Investment Partners LLC acquired a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,855 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Paradigm Asset Management Co. LLC acquired a new position in Rexford Industrial Realty in the fourth quarter worth approximately $1,082,000. Charles Schwab Investment Management Inc. increased its holdings in Rexford Industrial Realty by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock worth $107,587,000 after buying an additional 93,360 shares during the last quarter. Impax Asset Management Group plc increased its holdings in Rexford Industrial Realty by 63.6% in the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 8,431 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Rexford Industrial Realty by 26.9% in 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 buying an additional 954,202 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in Rexford Industrial Realty by 760,280.0% in the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock worth $1,470,000 after buying an additional 38,014 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on REXR. Mizuho dropped their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Robert W. Baird decreased their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Scotiabank decreased 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 report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.50.

Rexford Industrial Realty Stock Down 3.4 %

REXR opened at $39.00 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 stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 32.23, a P/E/G ratio of 2.62 and a beta of 0.98. The business has a 50 day moving average of $40.27 and a 200-day moving average of $42.78.

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 for the quarter, beating 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%. As a group, sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently announced 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 is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

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.