Nan Shan Life Insurance Co. Ltd. Buys 133,068 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Nan Shan Life Insurance Co. Ltd. lifted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 34.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517,579 shares of the real estate investment trust’s stock after acquiring an additional 133,068 shares during the period. Nan Shan Life Insurance Co. Ltd. owned approximately 0.23% of Rexford Industrial Realty worth $20,010,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in REXR. Quantbot Technologies LP bought a new position in shares of Rexford Industrial Realty in the fourth quarter worth $33,000. UMB Bank n.a. boosted its holdings in shares of Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 280 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Rexford Industrial Realty by 515.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,248 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Rexford Industrial Realty in the fourth quarter worth $65,000. Finally, SRS Capital Advisors Inc. boosted its holdings in shares of Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after acquiring an additional 2,709 shares during the period. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

REXR has been the topic of a number of recent analyst reports. Truist Financial lowered their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective on the stock. Barclays lowered their price objective on Rexford Industrial Realty from $38.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 30th. Evercore ISI lowered their price objective on Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Two 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $42.00.

Rexford Industrial Realty Trading Down 0.9%

NYSE REXR opened at $35.56 on Wednesday. The stock’s 50-day simple moving average is $35.91 and its two-hundred day simple moving average is $39.02. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $52.61. The company has a market capitalization of $8.42 billion, a price-to-earnings ratio of 29.39, a PEG ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. The firm had revenue of $248.82 million for the quarter, compared to analysts’ expectations of $246.74 million. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, June 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.84%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 138.71%.

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.