TCW Group Inc. Invests $686,000 in Rexford Industrial Realty, Inc. (REXR)

TCW Group Inc. bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 23,948 shares of the real estate investment trust’s stock, valued at approximately $686,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Rexford Industrial Realty by 1,607.5% during the first quarter. BlackRock Inc. now owns 5,832,562 shares of the real estate investment trust’s stock worth $131,347,000 after purchasing an additional 5,490,976 shares during the period. Principal Financial Group Inc. grew its stake in shares of Rexford Industrial Realty by 93.4% during the third quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the real estate investment trust’s stock worth $92,613,000 after purchasing an additional 1,562,996 shares during the period. Vanguard Group Inc. grew its stake in shares of Rexford Industrial Realty by 16.2% during the second quarter. Vanguard Group Inc. now owns 9,200,033 shares of the real estate investment trust’s stock worth $252,449,000 after purchasing an additional 1,282,548 shares during the period. Renaissance Technologies LLC grew its stake in shares of Rexford Industrial Realty by 191.9% during the second quarter. Renaissance Technologies LLC now owns 673,300 shares of the real estate investment trust’s stock worth $18,475,000 after purchasing an additional 442,600 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Rexford Industrial Realty by 40.2% during the second quarter. Russell Investments Group Ltd. now owns 1,442,941 shares of the real estate investment trust’s stock worth $39,568,000 after purchasing an additional 413,653 shares during the period. Institutional investors own 92.46% of the company’s stock.

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Rexford Industrial Realty, Inc. (NYSE REXR) opened at $30.19 on Friday. Rexford Industrial Realty, Inc. has a 52 week low of $21.34 and a 52 week high of $30.66. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2,351.77, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.93 and a beta of 0.75.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $43.30 million during the quarter, compared to analysts’ expectations of $41.77 million. Rexford Industrial Realty had a return on equity of 3.39% and a net margin of 23.50%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 earnings per share. equities research analysts predict 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. Stockholders of record on Friday, December 29th will be given a dividend of $0.145 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.58 annualized dividend and a dividend yield of 1.92%. Rexford Industrial Realty’s dividend payout ratio is currently 134.89%.

A number of brokerages recently commented on REXR. FBR & Co lifted their price objective on Rexford Industrial Realty from $26.00 to $27.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 8th. J P Morgan Chase & Co cut Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research note on Tuesday, September 26th. BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, September 26th. Finally, Zacks Investment Research cut Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.60.

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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