2,329,433 Rexford Industrial Realty, Inc. $REXR Shares Purchased by Aberdeen Group plc

Aberdeen Group plc increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2,548.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,420,834 shares of the real estate investment trust’s stock after purchasing an additional 2,329,433 shares during the quarter. Aberdeen Group plc’s holdings in Rexford Industrial Realty were worth $87,804,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in REXR. William Blair Investment Management LLC boosted its stake in shares of Rexford Industrial Realty by 27.6% during the 3rd quarter. William Blair Investment Management LLC now owns 710,581 shares of the real estate investment trust’s stock worth $25,773,000 after buying an additional 153,667 shares during the last quarter. Allworth Financial LP increased its position in shares of Rexford Industrial Realty by 112.5% in the third quarter. Allworth Financial LP now owns 2,108 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 1,116 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Rexford Industrial Realty by 22.0% in the third quarter. Fisher Asset Management LLC now owns 197,182 shares of the real estate investment trust’s stock valued at $7,152,000 after acquiring an additional 35,572 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Rexford Industrial Realty by 49.5% in the third quarter. Russell Investments Group Ltd. now owns 194,545 shares of the real estate investment trust’s stock valued at $7,060,000 after acquiring an additional 64,434 shares during the last quarter. Finally, Aew Capital Management Inc. bought a new stake in Rexford Industrial Realty during the third quarter worth about $332,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

Shares of REXR stock traded down $0.07 on Friday, reaching $37.58. The company had a trading volume of 1,267,452 shares, compared to its average volume of 2,584,458. The stock has a market capitalization of $7.97 billion, a PE ratio of -17.81 and a beta of 1.11. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 0.38. Rexford Industrial Realty, Inc. has a one year low of $32.14 and a one year high of $42.41. The business’s 50-day moving average is $37.60 and its 200 day moving average is $36.36.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.53). Rexford Industrial Realty had a negative net margin of 47.15% and a negative return on equity of 5.72%. The company had revenue of $239.10 million for the quarter, compared to the consensus estimate of $232.95 million. During the same period last year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.42 EPS for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.4350 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.74 annualized dividend and a dividend yield of 4.6%. Rexford Industrial Realty’s dividend payout ratio (DPR) is -82.46%.

Wall Street Analysts Forecast Growth

REXR has been the topic of several analyst reports. Scotiabank upped their target price on Rexford Industrial Realty from $40.00 to $42.00 and gave the stock a “sector outperform” rating in a report on Friday, October 30th. Weiss Ratings downgraded Rexford Industrial Realty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, November 4th. Jefferies Financial Group cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Thursday, August 6th. Evercore reiterated an “outperform” rating on shares of Rexford Industrial Realty in a report on Monday, July 27th. Finally, Citigroup decreased their price objective on shares of Rexford Industrial Realty from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $41.14.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc. is a real estate investment trust that owns, operates, acquires, develops and redevelops industrial properties. Its portfolio primarily serves businesses that need warehouse, distribution, manufacturing and other industrial space. The company focuses on infill markets in Southern California, including Los Angeles, Orange County, San Diego, the Inland Empire and Ventura County. Its strategy centers on properties in established areas with access to customers, workers and transportation networks.