SG Americas Securities LLC Has $1.15 Million Stock Holdings in Rexford Industrial Realty Inc (NYSE:REXR)

SG Americas Securities LLC raised its stake in Rexford Industrial Realty Inc (NYSE:REXR) by 83.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,087 shares of the real estate investment trust’s stock after buying an additional 11,834 shares during the quarter. SG Americas Securities LLC’s holdings in Rexford Industrial Realty were worth $1,148,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in REXR. Point72 Asset Management L.P. acquired a new position in Rexford Industrial Realty in the 2nd quarter valued at approximately $36,000. New York State Teachers Retirement System acquired a new position in Rexford Industrial Realty in the 3rd quarter valued at approximately $40,000. Whittier Trust Co. increased its stake in Rexford Industrial Realty by 96.5% in the 2nd quarter. Whittier Trust Co. now owns 2,335 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,147 shares during the period. NEXT Financial Group Inc increased its stake in Rexford Industrial Realty by 58.3% in the 2nd quarter. NEXT Financial Group Inc now owns 2,483 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 914 shares during the period. Finally, Pearl River Capital LLC bought a new stake in Rexford Industrial Realty in the second quarter worth approximately $124,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.

REXR stock opened at $46.79 on Tuesday. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 39.14, a P/E/G ratio of 5.47 and a beta of 0.77. Rexford Industrial Realty Inc has a 12 month low of $28.17 and a 12 month high of $48.80. The firm has a 50 day moving average of $46.15 and a two-hundred day moving average of $42.38.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $68.06 million during the quarter, compared to the consensus estimate of $67.50 million. Rexford Industrial Realty had a net margin of 21.32% and a return on equity of 2.61%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, research analysts expect that Rexford Industrial Realty Inc will post 1.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, December 30th. Rexford Industrial Realty’s dividend payout ratio is 66.07%.

REXR has been the subject of several recent research reports. ValuEngine downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on shares of Rexford Industrial Realty from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup boosted their target price on shares of Rexford Industrial Realty from $42.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $45.00.

In related news, CFO Adeel Khan sold 49,721 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $46.01, for a total transaction of $2,287,663.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Frankel sold 12,536 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $47.46, for a total transaction of $594,958.56. Following the sale, the chief executive officer now directly owns 71,834 shares of the company’s stock, valued at $3,409,241.64. The disclosure for this sale can be found here. Insiders sold 97,720 shares of company stock valued at $4,583,782 over the last three months. Insiders own 1.70% of the company’s stock.

Rexford Industrial Realty Profile

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 179 properties with approximately 22.1 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.

Further Reading: G-20

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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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