Aew Capital Management L P Increases Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Aew Capital Management L P raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 829,798 shares of the real estate investment trust’s stock after buying an additional 28,679 shares during the period. Rexford Industrial Realty comprises about 1.7% of Aew Capital Management L P’s investment portfolio, making the stock its 21st biggest holding. Aew Capital Management L P owned approximately 0.39% of Rexford Industrial Realty worth $46,552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in REXR. Lindbrook Capital LLC lifted its position in shares of Rexford Industrial Realty by 4.9% in the 4th quarter. Lindbrook Capital LLC now owns 5,554 shares of the real estate investment trust’s stock worth $312,000 after purchasing an additional 259 shares during the period. Xponance Inc. lifted its position in shares of Rexford Industrial Realty by 1.5% in the 3rd quarter. Xponance Inc. now owns 24,917 shares of the real estate investment trust’s stock worth $1,230,000 after purchasing an additional 359 shares during the period. Arizona State Retirement System lifted its position in shares of Rexford Industrial Realty by 0.7% in the 4th quarter. Arizona State Retirement System now owns 57,624 shares of the real estate investment trust’s stock worth $3,233,000 after purchasing an additional 407 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Rexford Industrial Realty by 1.4% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 30,244 shares of the real estate investment trust’s stock worth $1,493,000 after acquiring an additional 408 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Rexford Industrial Realty by 58.2% in the 3rd quarter. Fifth Third Bancorp now owns 1,117 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 411 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Transactions at Rexford Industrial Realty

In other news, General Counsel David E. Lanzer sold 18,113 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $52.69, for a total value of $954,373.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

REXR has been the subject of several research reports. Robert W. Baird reiterated a “neutral” rating and issued a $61.00 price target (up from $53.00) on shares of Rexford Industrial Realty in a research note on Friday, January 5th. Wedbush initiated coverage on shares of Rexford Industrial Realty in a research note on Monday. They issued a “neutral” rating and a $45.00 price target for the company. Truist Financial reduced their price objective on shares of Rexford Industrial Realty from $57.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, April 16th. Mizuho restated a “neutral” rating and set a $52.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, April 2nd. Finally, TheStreet upgraded shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $54.73.

Rexford Industrial Realty Stock Performance

Shares of REXR traded up $0.20 on Friday, reaching $43.20. The company’s stock had a trading volume of 1,480,014 shares, compared to its average volume of 1,979,252. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 1.35. The stock has a market capitalization of $9.41 billion, a P/E ratio of 39.63, a PEG ratio of 1.87 and a beta of 0.86. The stock’s 50 day simple moving average is $49.30 and its two-hundred day simple moving average is $50.42. Rexford Industrial Realty, Inc. has a 12-month low of $41.56 and a 12-month high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.30). Rexford Industrial Realty had a return on equity of 3.04% and a net margin of 28.84%. The business had revenue of $214.10 million during the quarter, compared to analysts’ expectations of $207.39 million. During the same period in the previous year, the business posted $0.52 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.33 earnings per share for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.417 per share. This represents a $1.67 annualized dividend and a yield of 3.86%. The ex-dividend date is Friday, June 28th. Rexford Industrial Realty’s dividend payout ratio is currently 153.21%.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.