Magnetar Financial LLC acquired a new position in Rexford Industrial Realty Inc (NYSE:REXR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,256 shares of the real estate investment trust’s stock, valued at approximately $666,000.
A number of other institutional investors have also modified their holdings of the stock. AMP Capital Investors Ltd grew its position in Rexford Industrial Realty by 142.9% in the third quarter. AMP Capital Investors Ltd now owns 24,475 shares of the real estate investment trust’s stock worth $700,000 after acquiring an additional 14,400 shares during the period. OxFORD Asset Management LLP acquired a new position in Rexford Industrial Realty during the third quarter worth $931,000. KBC Group NV lifted its stake in Rexford Industrial Realty by 284.6% during the third quarter. KBC Group NV now owns 89,790 shares of the real estate investment trust’s stock worth $2,570,000 after purchasing an additional 66,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Rexford Industrial Realty by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 969,408 shares of the real estate investment trust’s stock worth $27,744,000 after purchasing an additional 13,352 shares in the last quarter. Finally, BB&T Securities LLC acquired a new position in Rexford Industrial Realty during the third quarter worth $231,000.
A number of research analysts have commented on the company. B. Riley restated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and set a $33.00 price target (up from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, September 14th. Jefferies Group restated a “buy” rating and set a $34.00 price target 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, August 30th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Rexford Industrial Realty presently has a consensus rating of “Buy” and a consensus target price of $31.00.
Shares of Rexford Industrial Realty Inc (REXR) traded down $0.23 during midday trading on Tuesday, hitting $30.71. The stock had a trading volume of 347,400 shares, compared to its average volume of 472,566. The firm has a market capitalization of $2,410.19, a PE ratio of 32.92, a P/E/G ratio of 4.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Rexford Industrial Realty Inc has a twelve month low of $21.34 and a twelve 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, beating the consensus estimate of $0.24 by $0.01. The business had revenue of $43.30 million for 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 for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. sell-side analysts expect that Rexford Industrial Realty Inc will post 0.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 1.89%. The ex-dividend date is Thursday, December 28th. Rexford Industrial Realty’s payout ratio is currently 134.89%.
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Rexford Industrial Realty 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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