Rexford Industrial Realty, Inc. $REXR Stock Position Increased by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 27.6% during the 3rd quarter, Holdings Channel reports. The firm owned 710,581 shares of the real estate investment trust’s stock after buying an additional 153,667 shares during the quarter. William Blair Investment Management LLC’s holdings in Rexford Industrial Realty were worth $25,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Rexford Industrial Realty during the second quarter valued at about $1,293,168,000. Dimensional Fund Advisors LP increased its holdings in shares of Rexford Industrial Realty by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,581,987 shares of the real estate investment trust’s stock worth $117,239,000 after purchasing an additional 85,135 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth about $86,861,000. Bank of America Corp DE purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth about $79,547,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Rexford Industrial Realty by 41,558.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,654,665 shares of the real estate investment trust’s stock valued at $55,431,000 after buying an additional 1,650,693 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on REXR. Evercore restated an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Cantor Fitzgerald decreased their price objective on Rexford Industrial Realty from $45.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, October 26th. BMO Capital Markets increased their target price on Rexford Industrial Realty from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Monday, September 28th. Jefferies Financial Group lowered shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Thursday, August 6th. Finally, BNP Paribas Exane boosted their price target on shares of Rexford Industrial Realty from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Monday, October 26th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.14.

Rexford Industrial Realty Trading Down 0.2%

REXR traded down $0.07 on Friday, hitting $37.58. The company had a trading volume of 1,267,452 shares, compared to its average volume of 2,584,458. The business’s fifty day simple moving average is $37.60 and its 200 day simple moving average is $36.36. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a 12-month low of $32.14 and a 12-month high of $42.41. The company has a market cap of $7.97 billion, a PE ratio of -17.81 and a beta of 1.11.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.53). The company had revenue of $239.10 million for the quarter, compared to analysts’ expectations of $232.95 million. Rexford Industrial Realty had a negative net margin of 47.15% and a negative return on equity of 5.72%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.42 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.4350 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. Rexford Industrial Realty’s payout ratio is currently -82.46%.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc. is a real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. Its portfolio primarily serves businesses that need warehouse, distribution, manufacturing and other industrial space. The company focuses on infill markets in Southern California, including Los Angeles, Orange County, San Diego, the Inland Empire and Ventura County. Its strategy centers on properties in established areas with access to customers, workers and transportation networks.