New Age Alpha Advisors LLC Makes New Investment in Rexford Industrial Realty, Inc. (NYSE:REXR)

New Age Alpha Advisors LLC purchased a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 199,735 shares of the real estate investment trust’s stock, valued at approximately $7,722,000.

A number of other hedge funds have also modified their holdings of the business. Advisors Asset Management Inc. lifted its stake in Rexford Industrial Realty by 49.5% during the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 965 shares in the last quarter. Intech Investment Management LLC lifted its stake in Rexford Industrial Realty by 160.3% during the 3rd quarter. Intech Investment Management LLC now owns 19,161 shares of the real estate investment trust’s stock worth $964,000 after acquiring an additional 11,800 shares in the last quarter. Cerity Partners LLC lifted its stake in Rexford Industrial Realty by 5.6% during the 3rd quarter. Cerity Partners LLC now owns 39,332 shares of the real estate investment trust’s stock worth $1,979,000 after acquiring an additional 2,075 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Rexford Industrial Realty by 9.2% during the 3rd quarter. Fisher Asset Management LLC now owns 66,766 shares of the real estate investment trust’s stock valued at $3,359,000 after acquiring an additional 5,604 shares during the period. Finally, Bank of Montreal Can grew its position in Rexford Industrial Realty by 5.2% in the 3rd quarter. Bank of Montreal Can now owns 72,416 shares of the real estate investment trust’s stock valued at $3,658,000 after acquiring an additional 3,604 shares in the last quarter. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Up 0.1 %

REXR opened at $39.92 on Friday. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $52.61. 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 has a market capitalization of $9.10 billion, a P/E ratio of 33.00, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The business’s 50-day simple moving average is $40.35 and its 200-day simple moving average is $42.55.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results 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%. Analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.43 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 4.31%. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

Analyst Ratings Changes

Several research analysts have recently commented on REXR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective for the company. Robert W. Baird cut their price objective on 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. Scotiabank reduced their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Barclays lowered 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. Finally, Mizuho decreased their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $46.83.

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.