State of New Jersey Common Pension Fund D held its stake in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) during the second quarter, Holdings Channel reports. The firm owned 510,000 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Rexford Industrial Realty were worth $13,994,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Rexford Industrial Realty by 1.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,347 shares of the company’s stock valued at $233,000 after buying an additional 181 shares in the last quarter. Friedberg Investment Management increased its position in shares of Rexford Industrial Realty by 0.7% in the first quarter. Friedberg Investment Management now owns 56,500 shares of the company’s stock valued at $1,272,000 after buying an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Rexford Industrial Realty by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 74,342 shares of the company’s stock valued at $1,674,000 after buying an additional 649 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Rexford Industrial Realty by 0.8% in the first quarter. California Public Employees Retirement System now owns 95,300 shares of the company’s stock valued at $2,146,000 after buying an additional 800 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Rexford Industrial Realty by 0.5% in the first quarter. Asset Management One Co. Ltd. now owns 197,611 shares of the company’s stock valued at $4,393,000 after buying an additional 1,041 shares in the last quarter.

Rexford Industrial Realty Inc (REXR) opened at 27.40 on Wednesday. The company has a market cap of $1.94 billion and a P/E ratio of 58.67. The stock has a 50 day moving average of $27.77 and a 200 day moving average of $25.06. Rexford Industrial Realty Inc has a 52 week low of $20.05 and a 52 week high of $29.02.

Rexford Industrial Realty (NASDAQ:REXR) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. Rexford Industrial Realty had a net margin of 16.18% and a return on equity of 1.96%. The firm had revenue of $36.78 million for the quarter, compared to the consensus estimate of $36.75 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, analysts expect that Rexford Industrial Realty Inc will post $0.19 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, September 28th.

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Several brokerages have recently issued reports on REXR. FBR & Co upped their target price on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the stock a “mkt perform” rating in a research note on Tuesday. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, July 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 target price on shares of Rexford Industrial Realty in a research note on Friday, July 14th. DA Davidson reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. Finally, National Securities reiterated a “neutral” rating and issued a $23.00 target price (up previously from $22.00) on shares of Rexford Industrial Realty in a research note on Thursday, May 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.86.

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. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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Institutional Ownership by Quarter for Rexford Industrial Realty (NASDAQ:REXR)

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