Xponance Inc. Acquires 2,203 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Xponance Inc. grew its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,707 shares of the real estate investment trust’s stock after buying an additional 2,203 shares during the quarter. Xponance Inc.’s holdings in Rexford Industrial Realty were worth $994,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. 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 valued at $226,575,000 after purchasing an additional 954,202 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Rexford Industrial Realty by 1.9% in the third quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust’s stock valued at $205,014,000 after buying an additional 74,865 shares in the last quarter. PGGM Investments increased its holdings in Rexford Industrial Realty by 11.7% during the fourth quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust’s stock worth $127,686,000 after buying an additional 344,972 shares during the last quarter. Boston Partners increased its holdings in Rexford Industrial Realty by 7.5% during the fourth quarter. Boston Partners now owns 3,160,272 shares of the real estate investment trust’s stock worth $122,184,000 after buying an additional 221,478 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Rexford Industrial Realty by 3.5% during 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 acquiring an additional 93,360 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $39.00 on Monday. The company has a quick ratio of 1.30, a current 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 price-to-earnings-growth ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $52.61. The company has a 50-day simple moving average of $40.27 and a two-hundred day simple moving average of $42.72.

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 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%. Analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business 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. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

Analysts Set New Price Targets

Several research firms have recently weighed in on REXR. Mizuho lowered their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price objective on 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. Barclays reduced their target price on 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. Scotiabank dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Finally, 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 report on Tuesday, March 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.50.

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.