KBC Group NV raised its stake in Rexford Industrial Realty Inc (NYSE:REXR) by 284.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,790 shares of the real estate investment trust’s stock after purchasing an additional 66,442 shares during the quarter. KBC Group NV owned about 0.12% of Rexford Industrial Realty worth $2,570,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in REXR. Advisor Group Inc. boosted its holdings in shares of Rexford Industrial Realty by 13.6% in the 2nd quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 453 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Rexford Industrial Realty by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 71 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rexford Industrial Realty by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 469 shares during the period. GAM Holding AG raised its stake in shares of Rexford Industrial Realty by 7.5% in the 2nd quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 400 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Rexford Industrial Realty in the 2nd quarter valued at $159,000.

A number of equities analysts have recently commented on the stock. National Securities reissued a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a research note on Monday, November 27th. B. Riley reissued a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. BidaskClub raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Citigroup raised their target price on shares of Rexford Industrial Realty from $28.50 to $30.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.80.

Shares of Rexford Industrial Realty Inc (NYSE REXR) traded up $0.69 during mid-day trading on Friday, hitting $30.94. 424,243 shares of the stock were exchanged, compared to its average volume of 463,579. Rexford Industrial Realty Inc has a fifty-two week low of $21.34 and a fifty-two week high of $31.71. 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 stock has a market cap of $2,410.20, a P/E ratio of 32.91, a PEG ratio of 4.20 and a beta of 0.77.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. The firm had revenue of $43.30 million for the quarter, compared to the consensus estimate of $41.77 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. equities analysts forecast that Rexford Industrial Realty Inc will post 0.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 1.87%. The ex-dividend date is Thursday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 134.89%.

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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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