Rothschild Investment LLC Purchases 38,014 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Rothschild Investment LLC increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 760,280.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,019 shares of the real estate investment trust’s stock after buying an additional 38,014 shares during the period. Rothschild Investment LLC’s holdings in Rexford Industrial Realty were worth $1,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Rexford Industrial Realty by 338.0% during the third 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 valued at $97,134,000 after acquiring an additional 1,489,876 shares during the period. JPMorgan Chase & Co. lifted 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 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 period. Brookfield Corp ON acquired a new stake in Rexford Industrial Realty in the 3rd quarter valued at approximately $13,838,000. Finally, Daiwa Securities Group Inc. increased its position in Rexford Industrial Realty by 19.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,448,419 shares of the real estate investment trust’s stock worth $72,870,000 after buying an additional 237,624 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REXR has been the subject of several research reports. Truist Financial reduced their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. JPMorgan Chase & Co. decreased 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Barclays reduced their target price 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. Finally, Mizuho lowered their price target 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus price target of $48.75.

Rexford Industrial Realty Stock Down 0.6 %

NYSE REXR opened at $40.23 on Tuesday. Rexford Industrial Realty, Inc. has a 1-year low of $36.92 and a 1-year high of $53.88. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 2.62 and a beta of 0.95. The stock’s 50 day moving average is $39.59 and its two-hundred day moving average is $44.12. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS 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 forecast 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.43 dividend. This is a positive change 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 annualized dividend and a dividend yield of 4.28%. Rexford Industrial Realty’s dividend payout ratio is presently 142.15%.

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.