Heitman Real Estate Securities LLC Sells 1,722 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Heitman Real Estate Securities LLC decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,366 shares of the real estate investment trust’s stock after selling 1,722 shares during the period. Heitman Real Estate Securities LLC’s holdings in Rexford Industrial Realty were worth $1,226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of REXR. DekaBank Deutsche Girozentrale lifted its position in Rexford Industrial Realty by 23.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 62,445 shares of the real estate investment trust’s stock worth $3,089,000 after buying an additional 12,006 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Rexford Industrial Realty by 1,252.2% in the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 864 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Rexford Industrial Realty by 169.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 349 shares in the last quarter. Fulton Bank N.A. raised its stake in shares of Rexford Industrial Realty by 17.5% during the 2nd quarter. Fulton Bank N.A. now owns 4,814 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 716 shares during the period. Finally, CWM LLC increased its stake in shares of Rexford Industrial Realty by 73.9% during the second quarter. CWM LLC now owns 1,485 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 631 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Rexford Industrial Realty Stock Up 0.1 %

REXR stock opened at $42.12 on Tuesday. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 34.24, a PEG ratio of 1.99 and a beta of 0.93. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. Rexford Industrial Realty, Inc. has a 12-month low of $41.16 and a 12-month high of $58.02. The company has a 50 day moving average of $45.07 and a two-hundred day moving average of $46.88.

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

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 135.77%.

Analysts Set New Price Targets

REXR has been the subject of a number of recent research reports. StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Scotiabank downgraded shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Mizuho dropped their price target on shares of 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. Evercore ISI reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.09.

Insider Transactions at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by company insiders.

Rexford Industrial Realty Profile

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.