Boston Partners Purchases 221,478 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Boston Partners lifted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 7.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,160,272 shares of the real estate investment trust’s stock after buying an additional 221,478 shares during the quarter. Boston Partners’ holdings in Rexford Industrial Realty were worth $122,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake 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 worth $226,575,000 after purchasing an additional 954,202 shares during the last quarter. Geode Capital Management LLC boosted its position in Rexford Industrial Realty by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust’s stock valued at $205,014,000 after purchasing an additional 74,865 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Rexford Industrial Realty by 14.8% during the third 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 purchasing an additional 431,659 shares in the last quarter. PGGM Investments boosted its position in Rexford Industrial Realty by 11.7% during the fourth quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust’s stock valued at $127,686,000 after purchasing an additional 344,972 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock valued at $107,587,000 after purchasing an additional 93,360 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Up 0.8 %

Rexford Industrial Realty stock opened at $40.70 on Wednesday. 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, Inc. has a 52 week low of $36.92 and a 52 week high of $52.61. The company has a market capitalization of $9.28 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The stock has a 50-day moving average price of $40.14 and a 200 day moving average price of $42.95.

Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS 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%. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.43 per share. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.23%. Rexford Industrial Realty’s payout ratio is 142.15%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on REXR shares. Robert W. Baird dropped their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Scotiabank dropped their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Mizuho dropped their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays lowered their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.50.

About Rexford Industrial Realty

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.