Public Employees Retirement System of Ohio lifted its position in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 46.4% during the second quarter, Holdings Channel.com reports. The firm owned 168,968 shares of the real estate investment trust’s stock after acquiring an additional 53,528 shares during the period. Public Employees Retirement System of Ohio’s holdings in Rexford Industrial Realty were worth $7,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of Rexford Industrial Realty by 419.1% during the 1st quarter. First Trust Advisors LP now owns 90,000 shares of the real estate investment trust’s stock valued at $3,223,000 after buying an additional 72,663 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Rexford Industrial Realty by 5.2% in the 1st quarter. Victory Capital Management Inc. now owns 80,012 shares of the real estate investment trust’s stock valued at $3,281,000 after purchasing an additional 3,959 shares in the last quarter. Aperio Group LLC lifted its holdings in Rexford Industrial Realty by 34.3% in the 1st quarter. Aperio Group LLC now owns 44,911 shares of the real estate investment trust’s stock valued at $1,842,000 after purchasing an additional 11,470 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Rexford Industrial Realty by 9.0% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 9,555 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 790 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Rexford Industrial Realty by 10.2% in the 1st quarter. Rhumbline Advisers now owns 229,997 shares of the real estate investment trust’s stock valued at $9,432,000 after purchasing an additional 21,257 shares in the last quarter. 98.73% of the stock is currently owned by institutional investors and hedge funds.
REXR has been the topic of a number of research reports. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday. TheStreet raised Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
Shares of NYSE:REXR opened at $47.17 on Wednesday. The business has a 50-day moving average price of $46.95 and a 200 day moving average price of $42.47. The company has a current ratio of 7.69, a quick ratio of 7.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 102.54, a PEG ratio of 8.57 and a beta of 0.61. Rexford Industrial Realty Inc has a 12-month low of $31.79 and a 12-month high of $53.48.
Rexford Industrial Realty (NYSE:REXR) last released its earnings results on Tuesday, July 21st. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.22). The firm had revenue of $79.95 million during the quarter, compared to analyst estimates of $78.22 million. Rexford Industrial Realty had a net margin of 21.93% and a return on equity of 2.64%. As a group, equities research analysts predict that Rexford Industrial Realty Inc will post 1.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, September 29th. Rexford Industrial Realty’s dividend payout ratio is currently 69.92%.
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 179 properties with approximately 22.1 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
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