2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. reduced its holdings in Rexford Industrial Realty, Inc. ( NYSE:REXR – Free Report ) by 11.
4% in the fourth quarter, HoldingsChannel reports. The firm owned 286,254 shares of the real estate investment trust’s stock after selling 36,938 shares during the period. Envestnet Asset Management Inc.
’s holdings in Rexford Industrial Realty were worth $11,067,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc.
grew its holdings in Rexford Industrial Realty by 1.9% in the fourth quarter. Vanguard Group Inc.
now owns 29,931,981 shares of the real estate investment trust’s stock worth $1,157,170,000 after purchasing an additional 562,710 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Rexford Industrial Realty by 26.
9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after purchasing an additional 954,202 shares in the last quarter.
Centersquare Investment Management LLC boosted its position in shares of Rexford Industrial Realty by 32.3% during the 4th quarter. Centersquare Investment Management LLC now owns 4,492,166 shares of the real estate investment trust’s stock worth $173,667,000 after purchasing an additional 1,097,349 shares in the last quarter.
Geode Capital Management LLC grew its stake in shares of Rexford Industrial Realty by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 4,144,754 shares of the real estate investment trust’s stock valued at $160,282,000 after buying an additional 70,710 shares during the period.
Finally, Massachusetts Financial Services Co. MA increased its position in Rexford Industrial Realty by 0.8% in the 4th quarter.
Massachusetts Financial Services Co. MA now owns 3,367,298 shares of the real estate investment trust’s stock valued at $130,180,000 after buying an additional 28,079 shares in the last quarter. 99.
52% of the stock is currently owned by institutional investors. Rexford Industrial Realty Price Performance Rexford Industrial Realty stock opened at $32.58 on Friday.
Rexford Industrial Realty, Inc. has a 52 week low of $29.68 and a 52 week high of $52.
61. The company’s 50 day moving average price is $38.37 and its two-hundred day moving average price is $40.
69. The stock has a market cap of $7.69 billion, a P/E ratio of 26.
92, a P/E/G ratio of 2.62 and a beta of 0.99.
The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.
39. Rexford Industrial Realty Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.
43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.
28%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 138.
71%. Wall Street Analysts Forecast Growth A number of equities research analysts have commented on the company. Robert W.
Baird reduced their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th.
Scotiabank decreased their price target on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, April 7th.
Barclays dropped their price objective on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th.
Mizuho decreased their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th.
Finally, JPMorgan Chase & Co. dropped their price target on shares of Rexford Industrial Realty from $45.00 to $44.
00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.17. Check Out Our Latest Stock Analysis on REXR Rexford Industrial Realty Profile ( Free Report ) Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets.
The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA. Featured Articles Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Rexford Industrial Realty, Inc. ( NYSE:REXR – Free Report ). Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.
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