Rexford Industrial Realty Inc (REXR) Position Boosted by AMP Capital Investors Ltd

AMP Capital Investors Ltd boosted its position in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 48.5% in the 4th quarter, HoldingsChannel reports. The fund owned 36,356 shares of the real estate investment trust’s stock after purchasing an additional 11,881 shares during the period. AMP Capital Investors Ltd’s holdings in Rexford Industrial Realty were worth $1,060,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of REXR. BlackRock Inc. grew its stake in Rexford Industrial Realty by 9.1% in the 4th quarter. BlackRock Inc. now owns 7,037,823 shares of the real estate investment trust’s stock worth $205,221,000 after buying an additional 588,051 shares in the last quarter. Renaissance Technologies LLC grew its stake in Rexford Industrial Realty by 35.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,331,200 shares of the real estate investment trust’s stock worth $38,818,000 after buying an additional 347,400 shares in the last quarter. Schroder Investment Management Group grew its stake in Rexford Industrial Realty by 6.6% in the 4th quarter. Schroder Investment Management Group now owns 1,135,577 shares of the real estate investment trust’s stock worth $33,113,000 after buying an additional 70,077 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Rexford Industrial Realty by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 969,408 shares of the real estate investment trust’s stock worth $27,744,000 after buying an additional 13,352 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its stake in Rexford Industrial Realty by 0.3% in the 4th quarter. Kennedy Capital Management Inc. now owns 856,936 shares of the real estate investment trust’s stock worth $24,988,000 after buying an additional 2,744 shares in the last quarter.

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Shares of Rexford Industrial Realty Inc (NYSE REXR) opened at $27.81 on Monday. Rexford Industrial Realty Inc has a 12 month low of $21.81 and a 12 month high of $31.71. The stock has a market cap of $2,182.81, a price-to-earnings ratio of 57.94, a PEG ratio of 4.44 and a beta of 0.81. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.55.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.10). Rexford Industrial Realty had a net margin of 25.23% and a return on equity of 3.83%. The firm had revenue of $45.88 million for the quarter, compared to the consensus estimate of $45.29 million. analysts forecast that Rexford Industrial Realty Inc will post 1.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.16 per share. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, March 28th. Rexford Industrial Realty’s dividend payout ratio is currently 120.83%.

A number of research firms have commented on REXR. Zacks Investment Research cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. DA Davidson reaffirmed a “buy” rating on shares of Rexford Industrial Realty in a research note on Wednesday, February 14th. National Securities reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, February 27th. Capital One Financial cut shares of Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. cut shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 price objective for the company. in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $30.70.

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About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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