Rexford Industrial Realty Inc (NYSE:REXR) shares hit a new 52-week high during mid-day trading on Monday after an insider bought additional shares in the company. The stock traded as high as $33.54 and last traded at $32.91, with a volume of 24353 shares. The stock had previously closed at $32.86.

Specifically, CFO Adeel Khan acquired 2,250 shares of the firm’s stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average cost of $22.43 per share, for a total transaction of $50,467.50. Following the completion of the acquisition, the chief financial officer now directly owns 2,250 shares of the company’s stock, valued at approximately $50,467.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

A number of equities analysts have commented on the stock. TheStreet upgraded shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Capital One Financial upgraded shares of Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.00.

The firm has a market capitalization of $3.05 billion, a P/E ratio of 34.46, a PEG ratio of 3.77 and a beta of 0.66. The company has a current ratio of 6.21, a quick ratio of 6.21 and a debt-to-equity ratio of 0.47.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Tuesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Rexford Industrial Realty had a net margin of 22.47% and a return on equity of 3.18%. The firm had revenue of $54.47 million for the quarter, compared to the consensus estimate of $55.09 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 26.0% compared to the same quarter last year. Equities analysts expect that Rexford Industrial Realty Inc will post 1.08 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 28th. This represents a $0.64 annualized dividend and a dividend yield of 1.93%. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 66.67%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. William Blair Investment Management LLC increased its holdings in shares of Rexford Industrial Realty by 1.8% during the third quarter. William Blair Investment Management LLC now owns 107,611 shares of the real estate investment trust’s stock valued at $3,439,000 after acquiring an additional 1,879 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Rexford Industrial Realty by 6.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 30,492 shares of the real estate investment trust’s stock valued at $957,000 after acquiring an additional 1,898 shares in the last quarter. Navellier & Associates Inc increased its holdings in shares of Rexford Industrial Realty by 2.7% during the second quarter. Navellier & Associates Inc now owns 83,248 shares of the real estate investment trust’s stock valued at $2,613,000 after acquiring an additional 2,221 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Rexford Industrial Realty by 0.4% during the third quarter. Eagle Asset Management Inc. now owns 520,739 shares of the real estate investment trust’s stock valued at $16,642,000 after acquiring an additional 2,329 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Rexford Industrial Realty by 23.4% during the third quarter. Daiwa Securities Group Inc. now owns 13,700 shares of the real estate investment trust’s stock valued at $438,000 after acquiring an additional 2,600 shares in the last quarter.

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About Rexford Industrial Realty (NYSE:REXR)

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 168 properties with approximately 20.6 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.

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