Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 12.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,902 shares of the real estate investment trust’s stock after purchasing an additional 4,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Rexford Industrial Realty were worth $2,126,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of REXR. Massachusetts Financial Services Co. MA increased its stake in Rexford Industrial Realty by 103.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,591,399 shares of the real estate investment trust’s stock valued at $78,536,000 after purchasing an additional 808,134 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in shares of Rexford Industrial Realty by 267.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,003,426 shares of the real estate investment trust’s stock worth $49,519,000 after acquiring an additional 730,424 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Rexford Industrial Realty by 191.7% during the third quarter. Kennedy Capital Management LLC now owns 342,487 shares of the real estate investment trust’s stock worth $16,902,000 after acquiring an additional 225,064 shares during the period. UBS Group AG increased its stake in shares of Rexford Industrial Realty by 240.7% during the third quarter. UBS Group AG now owns 314,157 shares of the real estate investment trust’s stock worth $15,504,000 after acquiring an additional 221,951 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Rexford Industrial Realty by 15.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,669,572 shares of the real estate investment trust’s stock worth $93,663,000 after acquiring an additional 218,055 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Up 0.5 %

Shares of NYSE REXR opened at $43.20 on Friday. Rexford Industrial Realty, Inc. has a 12-month low of $41.56 and a 12-month high of $58.02. The company has a market capitalization of $9.41 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 1.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.21 and a quick ratio of 1.35. The firm’s 50-day moving average is $49.30 and its two-hundred day moving average is $50.42.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.30). Rexford Industrial Realty had a net margin of 28.84% and a return on equity of 3.04%. The business had revenue of $214.10 million during the quarter, compared to analysts’ expectations of $207.39 million. During the same period last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.33 EPS for the current fiscal year.

Rexford Industrial Realty Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.417 per share. This represents a $1.67 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, June 28th. Rexford Industrial Realty’s payout ratio is 153.21%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Wedbush assumed coverage on shares of Rexford Industrial Realty in a research note on Monday, April 22nd. They set a “neutral” rating and a $45.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research note on Wednesday, February 7th. Barclays boosted their price target on shares of Rexford Industrial Realty from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Tuesday. Mizuho reiterated a “neutral” rating and set a $52.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, April 2nd. Finally, Truist Financial decreased their price objective on shares of Rexford Industrial Realty from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $54.73.

Insider Activity at Rexford Industrial Realty

In related news, General Counsel David E. Lanzer sold 18,113 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $52.69, for a total transaction of $954,373.97. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

About Rexford Industrial Realty

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.