B. Metzler seel. Sohn & Co. Holding AG Takes $3.38 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 67,110 shares of the real estate investment trust’s stock, valued at approximately $3,376,000.

Several other institutional investors also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC grew its holdings in Rexford Industrial Realty by 19.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,605 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 764 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Rexford Industrial Realty by 3.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 413,248 shares of the real estate investment trust’s stock valued at $20,779,000 after purchasing an additional 14,312 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Rexford Industrial Realty by 136.6% in the 1st quarter. Advisors Asset Management Inc. now owns 1,086 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 627 shares during the period. Capital Group Private Client Services Inc. grew its position in shares of Rexford Industrial Realty by 99.0% in the 1st quarter. Capital Group Private Client Services Inc. now owns 157,527 shares of the real estate investment trust’s stock worth $7,924,000 after buying an additional 78,381 shares during the last quarter. Finally, Capital International Inc. CA increased its stake in shares of Rexford Industrial Realty by 96.2% during the first quarter. Capital International Inc. CA now owns 72,172 shares of the real estate investment trust’s stock valued at $3,630,000 after buying an additional 35,379 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Evercore ISI reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Truist Financial lowered their price target on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Mizuho cut their price target on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.09.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $42.69 on Thursday. The firm has a market capitalization of $9.49 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 2.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The company’s fifty day moving average price is $46.63 and its 200-day moving average price is $47.07. Rexford Industrial Realty, Inc. has a 1-year low of $41.16 and a 1-year high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). The company had revenue of $241.84 million for the quarter, compared to analysts’ expectations of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. On average, equities research analysts predict that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.91%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 135.77%.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.