Victory Capital Management Inc. lowered its stake in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) by 26.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,020 shares of the company’s stock after selling 19,150 shares during the period. Victory Capital Management Inc. owned about 0.08% of Rexford Industrial Realty worth $1,097,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in REXR. UBS Asset Management Americas Inc. increased its position in Rexford Industrial Realty by 6.9% in the second quarter. UBS Asset Management Americas Inc. now owns 84,974 shares of the company’s stock valued at $1,792,000 after buying an additional 5,500 shares during the period. Nationwide Fund Advisors increased its position in Rexford Industrial Realty by 29.5% in the second quarter. Nationwide Fund Advisors now owns 87,063 shares of the company’s stock valued at $1,836,000 after buying an additional 19,842 shares during the period. JPMorgan Chase & Co. increased its position in Rexford Industrial Realty by 228.6% in the second quarter. JPMorgan Chase & Co. now owns 345,971 shares of the company’s stock valued at $7,297,000 after buying an additional 240,693 shares during the period. Gerstein Fisher increased its position in Rexford Industrial Realty by 95.9% in the second quarter. Gerstein Fisher now owns 29,693 shares of the company’s stock valued at $626,000 after buying an additional 14,532 shares during the period. Finally, Assetmark Inc. increased its position in Rexford Industrial Realty by 7.0% in the second quarter. Assetmark Inc. now owns 355,362 shares of the company’s stock valued at $7,495,000 after buying an additional 23,280 shares during the period.

Rexford Industrial Realty Inc (NASDAQ:REXR) traded up 1.98% during midday trading on Thursday, reaching $22.69. The company’s stock had a trading volume of 60,819 shares. Rexford Industrial Realty Inc has a one year low of $13.34 and a one year high of $23.02. The stock has a market cap of $1.49 billion and a price-to-earnings ratio of 86.27. The stock’s 50 day moving average price is $22.14 and its 200-day moving average price is $20.35.

Rexford Industrial Realty (NASDAQ:REXR) last released its earnings results on Wednesday, August 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The firm earned $30.61 million during the quarter, compared to analyst estimates of $26.48 million. During the same period in the previous year, the company earned $0.19 earnings per share. Rexford Industrial Realty’s revenue was up 34.7% on a year-over-year basis. On average, analysts forecast that Rexford Industrial Realty Inc will post $0.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Wednesday, September 28th.

Several research firms recently weighed in on REXR. DA Davidson lifted their target price on Rexford Industrial Realty from $22.06 to $27.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Jefferies Group reiterated a “buy” rating on shares of Rexford Industrial Realty in a research report on Thursday, August 18th. National Securities reissued a “hold” rating and set a $22.00 price target (up from $20.00) on shares of Rexford Industrial Realty in a report on Thursday, August 4th. Zacks Investment Research raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Finally, TheStreet raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.75.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. The Company’s consolidated portfolio consisted of approximately 119 properties with over 12.0 million rentable square feet.

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