Duff & Phelps Investment Management Co. Grows Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Duff & Phelps Investment Management Co. boosted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 40.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,910,765 shares of the real estate investment trust’s stock after buying an additional 837,630 shares during the quarter. Rexford Industrial Realty accounts for approximately 1.3% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 25th biggest position. Duff & Phelps Investment Management Co.’s holdings in Rexford Industrial Realty were worth $112,530,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Rexford Industrial Realty during the fourth quarter worth $33,000. UMB Bank n.a. raised its holdings in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,248 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,709 shares during the period. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 371 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays lowered their target price on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target for the company. Mizuho cut their target price 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. Robert W. Baird dropped their target price 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. Finally, Industrial Alliance Securities set a $38.00 price objective on Rexford Industrial Realty in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.83.

Rexford Industrial Realty Stock Up 0.1 %

Shares of Rexford Industrial Realty stock opened at $39.92 on Friday. The stock has a 50 day moving average price of $40.35 and a two-hundred day moving average price of $42.55. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $52.61. The stock has a market capitalization of $9.10 billion, a P/E ratio of 33.00, a PEG ratio of 2.62 and a beta of 0.98. 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 posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Equities analysts expect 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. Stockholders of record on Monday, March 31st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.31%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 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.