Strs Ohio decreased its position in Rexford Industrial Realty Inc (NASDAQ:REXR) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,154 shares of the company’s stock after selling 13,346 shares during the period. Strs Ohio’s holdings in Rexford Industrial Realty were worth $2,857,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of REXR. SG Americas Securities LLC purchased a new stake in Rexford Industrial Realty during the first quarter worth $114,000. Daiwa Securities Group Inc. raised its stake in Rexford Industrial Realty by 51.4% in the first quarter. Daiwa Securities Group Inc. now owns 5,300 shares of the company’s stock worth $119,000 after buying an additional 1,800 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Rexford Industrial Realty during the first quarter worth $128,000. Westside Investment Management Inc. purchased a new stake in Rexford Industrial Realty during the first quarter worth $138,000. Finally, Cutler Group LP purchased a new stake in Rexford Industrial Realty during the second quarter worth $164,000.

Rexford Industrial Realty Inc (REXR) opened at 27.23 on Thursday. The company has a market capitalization of $1.93 billion and a P/E ratio of 58.31. The company has a 50-day moving average of $27.76 and a 200-day moving average of $25.15. Rexford Industrial Realty Inc has a 1-year low of $20.05 and a 1-year high of $29.02.

Rexford Industrial Realty (NASDAQ:REXR) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The business had revenue of $36.78 million during the quarter, compared to analyst estimates of $36.75 million. During the same quarter in the previous year, the business posted $0.22 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts expect that Rexford Industrial Realty Inc will post $0.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.58 annualized dividend and a dividend yield of 2.13%.

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A number of equities analysts recently issued reports on the stock. FBR & Co increased their price target on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the stock a “mkt perform” rating in a research note on Tuesday. DA Davidson reissued a “buy” rating and issued a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target on shares of Rexford Industrial Realty in a research note on Tuesday, July 25th. Wunderlich reissued a “hold” rating and issued a $24.00 price target (up from $22.00) on shares of Rexford Industrial Realty in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target (up from $27.50) on shares of Rexford Industrial Realty in a research note on Wednesday, June 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Rexford Industrial Realty presently has a consensus rating of “Buy” and a consensus price target of $27.86.

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 (NASDAQ:REXR)

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