Landscape Capital Management L.L.C. Has $208,000 Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Landscape Capital Management L.L.C. raised its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,382 shares of the real estate investment trust’s stock after buying an additional 750 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Rexford Industrial Realty were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in REXR. Vanguard Group Inc. raised its position in shares of Rexford Industrial Realty by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 29,931,981 shares of the real estate investment trust’s stock valued at $1,157,170,000 after acquiring an additional 562,710 shares during the period. JPMorgan Chase & Co. boosted its position in shares of 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 worth $226,575,000 after purchasing an additional 954,202 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in shares of Rexford Industrial Realty by 32.3% in the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust’s stock valued at $173,667,000 after buying an additional 1,097,349 shares during the period. Geode Capital Management LLC increased its position in shares of Rexford Industrial Realty by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust’s stock valued at $160,282,000 after buying an additional 70,710 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Rexford Industrial Realty by 0.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust’s stock worth $130,180,000 after buying an additional 28,079 shares during the period. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on REXR shares. Barclays decreased their target price on Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, March 25th. 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 report on Tuesday, March 4th. Scotiabank reduced their price target on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, Mizuho reduced their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average price target of $46.17.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $31.45 on Wednesday. Rexford Industrial Realty, Inc. has a 52-week low of $31.08 and a 52-week high of $52.61. The company has a market cap of $7.17 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.62 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s 50-day simple moving average is $39.58 and its 200 day simple moving average is $41.56.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. The ex-dividend date 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 annualized dividend and a dividend yield of 5.47%. Rexford Industrial Realty’s payout ratio 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.