Macquarie Group Ltd. decreased its position in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,000 shares of the real estate investment trust’s stock after selling 3,900 shares during the period. Macquarie Group Ltd.’s holdings in Rexford Industrial Realty were worth $429,000 at the end of the most recent reporting period.

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

Shares of Rexford Industrial Realty Inc (NYSE:REXR) opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $2,392.27, a PE ratio of 32.67, a price-to-earnings-growth ratio of 4.17 and a beta of 0.77. Rexford Industrial Realty Inc has a 12 month low of $21.34 and a 12 month high of $31.71.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $43.30 million during the quarter, compared to the consensus estimate of $41.77 million. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share. equities analysts forecast that Rexford Industrial Realty Inc will post 0.96 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, December 28th. Rexford Industrial Realty’s payout ratio is currently 134.89%.

A number of research analysts recently commented on REXR shares. National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $32.00 in a report on Tuesday, August 29th. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Friday, September 1st. B. Riley reaffirmed a “neutral” rating on shares of Rexford Industrial Realty in a report on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $33.00 price target (up previously from $30.00) on shares of Rexford Industrial Realty in a report on Thursday, September 14th. Finally, Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.78.

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About Rexford Industrial Realty

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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