Rexford Industrial Realty Inc (REXR) Shares Bought by Schroder Investment Management Group
Schroder Investment Management Group raised its holdings in Rexford Industrial Realty Inc (NYSE:REXR) by 6.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,135,577 shares of the real estate investment trust’s stock after purchasing an additional 70,077 shares during the period. Schroder Investment Management Group’s holdings in Rexford Industrial Realty were worth $33,113,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of REXR. Principal Financial Group Inc. raised its position in Rexford Industrial Realty by 93.4% in the third quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the real estate investment trust’s stock valued at $92,613,000 after purchasing an additional 1,562,996 shares during the period. 1060 Capital LLC purchased a new stake in Rexford Industrial Realty in the third quarter valued at $15,172,000. Eagle Asset Management Inc. purchased a new stake in Rexford Industrial Realty in the third quarter valued at $15,020,000. Nationwide Fund Advisors raised its position in Rexford Industrial Realty by 331.4% in the third quarter. Nationwide Fund Advisors now owns 368,855 shares of the real estate investment trust’s stock valued at $10,557,000 after purchasing an additional 283,359 shares during the period. Finally, Virginia Retirement Systems ET AL purchased a new stake in Rexford Industrial Realty in the third quarter valued at $3,887,000.
Shares of Rexford Industrial Realty Inc (NYSE REXR) opened at $26.90 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $2,128.02, a price-to-earnings ratio of 27.95, a P/E/G ratio of 4.36 and a beta of 0.73. Rexford Industrial Realty Inc has a 1-year low of $21.34 and a 1-year high of $31.71.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.15. Rexford Industrial Realty’s payout ratio is currently 120.83%.
A number of research firms have commented on REXR. B. Riley set a $30.00 target price on Rexford Industrial Realty and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded Rexford Industrial Realty from a “buy” rating to a “sell” rating in a research report on Thursday, January 25th. National Securities restated a “buy” rating and issued a $34.00 target price on shares of Rexford Industrial Realty in a research report on Monday, November 27th. Capital One Financial downgraded Rexford Industrial Realty from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, February 14th. Finally, DA Davidson restated a “buy” rating on shares of Rexford Industrial Realty in a research report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.70.
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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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