373,883 Shares in Rexford Industrial Realty, Inc. (NYSE:REXR) Bought by OFI Invest Asset Management

OFI Invest Asset Management bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 373,883 shares of the real estate investment trust’s stock, valued at approximately $13,959,000. OFI Invest Asset Management owned about 0.17% of Rexford Industrial Realty as of its most recent SEC filing.

Several other large investors have also bought and sold shares of REXR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Rexford Industrial Realty by 338.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,930,706 shares of the real estate investment trust’s stock worth $97,134,000 after acquiring an additional 1,489,876 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Rexford Industrial Realty by 26.9% in 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 acquiring an additional 954,202 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Rexford Industrial Realty by 14.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust’s stock worth $167,996,000 after acquiring an additional 431,659 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Rexford Industrial Realty in the 4th quarter worth about $11,830,000. Finally, Brookfield Corp ON bought a new position in shares of Rexford Industrial Realty in the 3rd quarter worth about $13,838,000. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on REXR. Scotiabank lowered their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Barclays lowered their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. reduced their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Robert W. Baird reduced their target price 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $48.50.

Rexford Industrial Realty Price Performance

Shares of NYSE REXR opened at $40.47 on Friday. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $53.88. The stock’s 50 day moving average price is $39.98 and its 200-day moving average price is $43.58. The company has a market capitalization of $9.23 billion, a PE ratio of 33.45, a PEG ratio of 2.62 and a beta of 0.98. 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 (NYSE:REXR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a yield of 4.25%. Rexford Industrial Realty’s payout ratio is presently 142.15%.

About Rexford Industrial Realty

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.