Atria Investments Inc Has $679,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Atria Investments Inc lowered its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 9.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,499 shares of the real estate investment trust’s stock after selling 1,375 shares during the period. Atria Investments Inc’s holdings in Rexford Industrial Realty were worth $679,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Rexford Industrial Realty by 169.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 349 shares during the period. V Square Quantitative Management LLC acquired a new position in Rexford Industrial Realty during the second quarter worth $26,000. UMB Bank n.a. raised its stake in Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 447 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Rexford Industrial Realty in the second quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Rexford Industrial Realty by 1,252.2% in the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 864 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $42.95 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. Rexford Industrial Realty, Inc. has a fifty-two week low of $41.16 and a fifty-two week high of $58.02. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.01 and a beta of 0.94. The stock has a fifty day moving average price of $46.78 and a 200-day moving average price of $47.08.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The business had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. During the same period last year, the firm posted $0.56 EPS. Rexford Industrial Realty’s quarterly revenue was up 17.7% on a year-over-year basis. As a group, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.89%. Rexford Industrial Realty’s payout ratio is 135.77%.

Wall Street Analyst Weigh In

REXR has been the topic of several recent research reports. Truist Financial decreased their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. StockNews.com lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.09.

Insider Activity at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

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.