3 days Ago By ABMN Staff
Bank of Montreal Can lessened its stake in Rexford Industrial Realty, Inc. ( NYSE:REXR – Free Report ) by 27.0% in the 4th quarter, according to its most recent filing with the SEC.
The fund owned 52,847 shares of the real estate investment trust’s stock after selling 19,569 shares during the period. Bank of Montreal Can’s holdings in Rexford Industrial Realty were worth $2,043,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Paradigm Asset Management Co. LLC acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at $1,082,000. Charles Schwab Investment Management Inc.
boosted its holdings 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 acquiring an additional 93,360 shares during the period. Impax Asset Management Group plc grew its position in Rexford Industrial Realty by 63.6% in the 4th quarter.
Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock valued at $839,000 after acquiring an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Rexford Industrial Realty by 26.
9% during the third 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 period.
Finally, Rothschild Investment LLC lifted its position in shares of Rexford Industrial Realty by 760,280.0% during the fourth quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock worth $1,470,000 after purchasing an additional 38,014 shares in the last quarter.
Hedge funds and other institutional investors own 99.52% of the company’s stock. Analyst Upgrades and Downgrades A number of research analysts recently weighed in on REXR shares.
Barclays dropped their price objective on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, March 25th.
Scotiabank cut their price objective on Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th.
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 price objective on the stock.
Robert W. Baird cut their price target on Rexford Industrial Realty from $48.00 to $47.
00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Mizuho reduced their price target on Rexford Industrial Realty from $46.00 to $45.
00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $46.
17. Rexford Industrial Realty Stock Performance Shares of Rexford Industrial Realty stock opened at $32.68 on Thursday.
The firm has a market capitalization of $7.45 billion, a P/E ratio of 27.01, a P/E/G ratio of 2.
62 and a beta of 0.99. 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 $29.68 and a 52 week high of $52.
61. The firm’s 50 day moving average is $38.52 and its two-hundred day moving average is $40.
81. Rexford Industrial Realty ( NYSE:REXR – Get Free Report ) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.
58 EPS for the quarter, topping the consensus estimate of $0.27 by $0.31.
Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%.
Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.
Rexford Industrial Realty Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.43 dividend.
The ex-dividend date was 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 dividend yield of 5.26%.
Rexford Industrial Realty’s dividend payout ratio is 142.15%. Rexford Industrial Realty Profile ( Free Report ) 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. Featured Articles Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.
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