Charles Schwab Investment Management Inc. Buys 93,360 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Charles Schwab Investment Management Inc. raised its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,782,904 shares of the real estate investment trust’s stock after purchasing an additional 93,360 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.25% of Rexford Industrial Realty worth $107,587,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in REXR. Paradigm Asset Management Co. LLC acquired a new stake in shares of Rexford Industrial Realty during the fourth quarter worth $1,082,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Rexford Industrial Realty during the 3rd quarter worth about $3,376,000. Impax Asset Management Group plc grew its holdings in Rexford Industrial Realty by 63.6% during the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock worth $839,000 after acquiring an additional 8,431 shares during the period. 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. Finally, Rothschild Investment LLC lifted its stake in shares of Rexford Industrial Realty by 760,280.0% in the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock valued at $1,470,000 after purchasing an additional 38,014 shares during the period. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $40.47 on Friday. The company has a market cap of $9.23 billion, a PE ratio of 33.45, a price-to-earnings-growth 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, Inc. has a 52 week low of $36.92 and a 52 week high of $53.88. The business has a 50 day moving average price of $39.98 and a 200-day moving average price of $43.58.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lowered their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays lowered their price objective on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. Truist Financial dropped their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective 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 investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and an average 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.