Bamco Inc. NY lowered its holdings in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 5.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 442,040 shares of the real estate investment trust’s stock after selling 26,900 shares during the period. Bamco Inc. NY owned about 0.57% of Rexford Industrial Realty worth $12,651,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Advisor Group Inc. grew its position in Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 453 shares during the last quarter. Victory Capital Management Inc. grew its position in Rexford Industrial Realty by 1.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 71 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Rexford Industrial Realty by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 469 shares during the last quarter. GAM Holding AG grew its position in Rexford Industrial Realty by 7.5% during the 2nd quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 400 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Rexford Industrial Realty during the 2nd quarter worth $159,000.

A number of equities research analysts recently weighed in on REXR shares. National Securities restated a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a research report on Monday, November 27th. Jefferies Group restated a “buy” rating and set a $34.00 price objective (up previously from $32.00) on shares of Rexford Industrial Realty in a research report on Thursday, August 24th. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Saturday, November 4th. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co lowered Rexford Industrial Realty from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Rexford Industrial Realty currently has an average rating of “Buy” and a consensus price target of $31.00.

Rexford Industrial Realty Inc (NYSE REXR) traded down $0.02 during midday trading on Thursday, hitting $30.78. The company’s stock had a trading volume of 400,300 shares, compared to its average volume of 472,233. Rexford Industrial Realty Inc has a 1 year low of $21.34 and a 1 year high of $31.71. The company has a market cap of $2,400.00, a price-to-earnings ratio of 32.77, a PEG ratio of 4.18 and a beta of 0.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Rexford Industrial Realty had a return on equity of 3.39% and a net margin of 23.50%. The firm had revenue of $43.30 million for the quarter, compared to analyst estimates of $41.77 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue was up 30.0% on a year-over-year basis. analysts forecast that Rexford Industrial Realty Inc will post 0.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.145 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.88%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 131.82%.

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Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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

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