Russell Investments Group Ltd. increased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,455,329 shares of the real estate investment trust’s stock after purchasing an additional 12,388 shares during the period. Russell Investments Group Ltd. owned approximately 1.88% of Rexford Industrial Realty worth $41,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REXR. Victory Capital Management Inc. lifted its position in Rexford Industrial Realty by 1.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 71 shares in the last quarter. Stifel Financial Corp lifted its position in Rexford Industrial Realty by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 24,636 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 100 shares in the last quarter. GAM Holding AG lifted its position in Rexford Industrial Realty by 7.5% during the 2nd quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 400 shares in the last quarter. Advisor Group Inc. lifted its position in Rexford Industrial Realty by 13.6% during the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 453 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Rexford Industrial Realty by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 469 shares in the last quarter. 96.15% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on REXR shares. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, July 25th. BidaskClub cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. FBR & Co boosted their price target on shares of Rexford Industrial Realty from $26.00 to $27.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Tuesday, August 22nd. Finally, National Securities raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and boosted their price target for the stock from $23.00 to $32.00 in a research report on Tuesday, August 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $30.60.

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Shares of Rexford Industrial Realty, Inc. (NYSE:REXR) traded up $0.24 during mid-day trading on Tuesday, hitting $30.43. 470,400 shares of the stock were exchanged, compared to its average volume of 468,040. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2,370.00, a PE ratio of 32.12, a price-to-earnings-growth ratio of 3.93 and a beta of 0.75. Rexford Industrial Realty, Inc. has a 12 month low of $21.34 and a 12 month high of $30.66.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $43.30 million for the quarter, compared to analysts’ expectations of $41.77 million. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. Rexford Industrial Realty’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. research analysts anticipate that Rexford Industrial Realty, Inc. will post 0.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 1.91%. Rexford Industrial Realty’s payout ratio is 131.82%.

Rexford Industrial Realty 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 (NYSE:REXR)

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