Rexford Industrial Realty Inc (REXR) Holdings Increased by Zurcher Kantonalbank Zurich Cantonalbank
Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,581 shares of the real estate investment trust’s stock after buying an additional 2,733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rexford Industrial Realty were worth $722,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Rexford Industrial Realty by 2,555.0% during the 2nd quarter. Assetmark Inc. now owns 3,717 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 3,577 shares during the period. Nissay Asset Management Corp Japan ADV acquired a new stake in Rexford Industrial Realty during the 3rd quarter worth about $205,000. D.A. Davidson & CO. acquired a new stake in Rexford Industrial Realty during the 2nd quarter worth about $210,000. Toronto Dominion Bank acquired a new stake in Rexford Industrial Realty during the 2nd quarter worth about $282,000. Finally, Signition LP acquired a new stake in Rexford Industrial Realty during the 2nd quarter worth about $285,000.
Several equities analysts have weighed in on the company. Zacks Investment Research cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th. TheStreet raised Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $33.00.
NYSE:REXR opened at $32.84 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 6.21 and a current ratio of 6.21. Rexford Industrial Realty Inc has a fifty-two week low of $26.32 and a fifty-two week high of $33.54. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 3.62 and a beta of 0.66.
Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Rexford Industrial Realty had a return on equity of 3.18% and a net margin of 22.47%. The company had revenue of $54.47 million for the quarter, compared to analysts’ expectations of $55.09 million. During the same quarter in the previous year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, equities analysts forecast that Rexford Industrial Realty Inc will post 1.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.64 annualized dividend and a yield of 1.95%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 66.67%.
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Rexford Industrial Realty Company Profile
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 168 properties with approximately 20.6 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
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