Rexford Industrial Realty Inc (NYSE:REXR) CFO Adeel Khan acquired 2,250 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was acquired at an average price of $22.43 per share, for a total transaction of $50,467.50. Following the completion of the purchase, the chief financial officer now directly owns 2,250 shares of the company’s stock, valued at approximately $50,467.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of REXR opened at $32.75 on Wednesday. Rexford Industrial Realty Inc has a 12-month low of $26.32 and a 12-month high of $33.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 6.21 and a current ratio of 6.21. The stock has a market cap of $3.05 billion, a P/E ratio of 34.11, a PEG ratio of 3.77 and a beta of 0.66.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 28th. This represents a $0.64 annualized dividend and a yield of 1.95%. Rexford Industrial Realty’s dividend payout ratio is 66.67%.

A number of institutional investors and hedge funds have recently modified their holdings of REXR. Assetmark Inc. grew its stake in shares of Rexford Industrial Realty by 2,555.0% in the 2nd quarter. Assetmark Inc. now owns 3,717 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 3,577 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Rexford Industrial Realty by 3,095.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,305 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 5,139 shares during the period. Nissay Asset Management Corp Japan ADV bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter valued at approximately $205,000. D.A. Davidson & CO. bought a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at approximately $210,000. Finally, Toronto Dominion Bank bought a new stake in shares of Rexford Industrial Realty in the 2nd quarter valued at approximately $282,000.

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

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Rexford Industrial Realty Company Profile

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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