Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 7.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 348,913 shares of the real estate investment trust’s stock after purchasing an additional 23,752 shares during the quarter. Chilton Capital Management LLC’s holdings in Rexford Industrial Realty were worth $13,776,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $417,000. State of Michigan Retirement System lifted its holdings in Rexford Industrial Realty by 1.2% during the 4th quarter. State of Michigan Retirement System now owns 52,582 shares of the real estate investment trust’s stock worth $2,033,000 after buying an additional 600 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Rexford Industrial Realty by 3.5% during the 4th 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 in the last quarter. Arizona State Retirement System lifted its holdings in Rexford Industrial Realty by 1.6% during the 4th quarter. Arizona State Retirement System now owns 63,694 shares of the real estate investment trust’s stock worth $2,462,000 after buying an additional 973 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Rexford Industrial Realty during the 4th quarter worth approximately $11,830,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Up 0.3%

Shares of NYSE:REXR opened at $37.13 on Friday. Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.61. The company’s 50 day moving average is $35.52 and its two-hundred day moving average is $37.40. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.37. The company has a market cap of $8.79 billion, a PE ratio of 29.94, a P/E/G ratio of 3.41 and a beta of 1.13.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 28.96% and a return on equity of 3.31%. The company had revenue of $248.82 million for the quarter, compared to the consensus estimate of $246.74 million. Equities analysts predict that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 138.71%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of Rexford Industrial Realty from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, April 30th. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, May 6th. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a report on Tuesday, March 25th. JPMorgan Chase & Co. reduced their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.00.

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.