Arbor Capital Management Inc. ADV Boosts Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Arbor Capital Management Inc. ADV increased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 14.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,615 shares of the real estate investment trust’s stock after buying an additional 1,487 shares during the period. Arbor Capital Management Inc. ADV’s holdings in Rexford Industrial Realty were worth $470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake 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 buying an additional 954,202 shares during the last quarter. Geode Capital Management LLC boosted its stake in Rexford Industrial Realty by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust’s stock valued at $205,014,000 after purchasing an additional 74,865 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Rexford Industrial Realty by 14.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust’s stock valued at $167,996,000 after purchasing an additional 431,659 shares during the last quarter. PGGM Investments boosted its stake in Rexford Industrial Realty by 11.7% during the 4th quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust’s stock valued at $127,686,000 after purchasing an additional 344,972 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Rexford Industrial Realty by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock valued at $107,587,000 after purchasing an additional 93,360 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $39.98 on Monday. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $52.61. The stock’s fifty day moving average is $40.06 and its 200 day moving average is $43.09. The stock has a market cap of $9.11 billion, a P/E ratio of 33.04, a P/E/G ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS 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%. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 4.30%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 142.15%.

Analyst Ratings Changes

Several analysts have commented on REXR shares. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price on the stock. Mizuho cut their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird cut their target price on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Barclays cut their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.50.

Rexford Industrial Realty Profile

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.