Whittier Trust Co. of Nevada Inc. Acquires 1,248 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 515.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,490 shares of the real estate investment trust’s stock after buying an additional 1,248 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Rexford Industrial Realty were worth $58,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 280 shares during the period. IHT Wealth Management LLC boosted its stake in Rexford Industrial Realty by 4.8% during the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 296 shares during the period. CIBC Asset Management Inc boosted its stake in Rexford Industrial Realty by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 355 shares during the period. Exchange Traded Concepts LLC lifted its stake in Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 371 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in Rexford Industrial Realty by 1.5% during the third quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust’s stock worth $1,470,000 after purchasing an additional 442 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 3.4 %

Shares of NYSE:REXR opened at $39.00 on Monday. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $52.61. The company has a market cap of $8.89 billion, a PE ratio of 32.23, 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 current ratio of 1.30 and a quick ratio of 1.30. The stock’s 50-day moving average is $40.27 and its 200 day moving average is $42.72.

Rexford Industrial Realty (NYSE:REXR) last posted 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%. Sell-side analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company 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 an increase 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 dividend yield of 4.41%. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Mizuho dropped their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target 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. Barclays dropped their price target on 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. Scotiabank dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Finally, Robert W. Baird lowered 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. Two research 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 an average rating of “Hold” and an average target price of $48.50.

Rexford Industrial Realty Company 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.