Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 23.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,043 shares of the real estate investment trust’s stock after selling 13,500 shares during the period. Qube Research & Technologies Ltd’s holdings in Rexford Industrial Realty were worth $2,508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Rexford Industrial Realty by 1.8% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 22,327 shares of the real estate investment trust’s stock worth $1,272,000 after acquiring an additional 404 shares during the period. Geode Capital Management LLC lifted its stake in shares of Rexford Industrial Realty by 2.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,944,930 shares of the real estate investment trust’s stock worth $110,763,000 after acquiring an additional 55,353 shares during the period. Vanguard Group Inc. lifted its stake in shares of Rexford Industrial Realty by 7.4% in the 2nd quarter. Vanguard Group Inc. now owns 19,885,279 shares of the real estate investment trust’s stock worth $1,132,467,000 after acquiring an additional 1,370,118 shares during the period. ProShare Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 5.7% in the 2nd quarter. ProShare Advisors LLC now owns 30,057 shares of the real estate investment trust’s stock worth $1,712,000 after acquiring an additional 1,629 shares during the period. Finally, Profund Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 21.7% in the 2nd quarter. Profund Advisors LLC now owns 11,984 shares of the real estate investment trust’s stock worth $682,000 after acquiring an additional 2,135 shares during the period.

Several analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Rexford Industrial Realty from $58.00 to $65.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 10th. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Saturday, October 2nd. Finally, Capital One Financial raised shares of Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating and set a $66.00 target price for the company in a research note on Monday, July 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $62.75.

REXR stock opened at $59.87 on Thursday. Rexford Industrial Realty, Inc. has a 52-week low of $45.90 and a 52-week high of $63.55. The company’s 50 day simple moving average is $60.27 and its 200-day simple moving average is $57.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $8.25 billion, a P/E ratio of 92.11, a P/E/G ratio of 3.76 and a beta of 0.60.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Tuesday, July 20th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Rexford Industrial Realty had a net margin of 26.46% and a return on equity of 3.06%. The business had revenue of $104.24 million for the quarter, compared to analyst estimates of $103.03 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm’s revenue was up 30.7% compared to the same quarter last year. Sell-side analysts predict that Rexford Industrial Realty, Inc. will post 1.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, September 29th. This represents a $0.96 annualized dividend and a yield of 1.60%. Rexford Industrial Realty’s dividend payout ratio is presently 72.73%.

In other Rexford Industrial Realty news, General Counsel David E. Lanzer sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $62.11, for a total value of $869,540.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013 and is headquartered in Los Angeles, CA.

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

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