William Blair Investment Management LLC Grows Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

William Blair Investment Management LLC raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 692,561 shares of the real estate investment trust’s stock after acquiring an additional 2,452 shares during the period. William Blair Investment Management LLC’s holdings in Rexford Industrial Realty were worth $26,774,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of REXR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Rexford Industrial Realty by 338.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust’s stock valued at $97,134,000 after acquiring an additional 1,489,876 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rexford Industrial Realty by 26.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after buying an additional 954,202 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Rexford Industrial Realty by 14.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust’s stock valued at $167,996,000 after buying an additional 431,659 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Rexford Industrial Realty during the 4th quarter valued at about $13,959,000. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Rexford Industrial Realty during the 4th quarter valued at about $14,416,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $40.70 on Wednesday. The firm has a market cap of $9.28 billion, a P/E ratio of 33.63, a P/E/G ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61. The business’s 50 day moving average price is $40.14 and its 200-day moving average price is $42.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share 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%. On average, equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company 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 dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.23%. Rexford Industrial Realty’s payout ratio is currently 142.15%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on REXR. Barclays decreased their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Scotiabank decreased their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target on the stock. Robert W. Baird decreased their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, JPMorgan Chase & Co. decreased their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.50.

Rexford Industrial Realty Company 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.