Meixler Investment Management Ltd. bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,315 shares of the real estate investment trust's stock, valued at approximately $437,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock worth $39,000 after buying an additional 280 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in Rexford Industrial Realty by 4.8% during the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock worth $325,000 after buying an additional 296 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after buying an additional 371 shares during the last quarter. M&T Bank Corp boosted its holdings in Rexford Industrial Realty by 1.5% during the third quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust's stock worth $1,470,000 after buying an additional 442 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Rexford Industrial Realty by 22.2% during the third quarter. Signaturefd LLC now owns 2,637 shares of the real estate investment trust's stock worth $133,000 after buying an additional 479 shares during the last quarter. Institutional investors own 99.52% of the company's stock.
NYSE:REXR opened at $40.39 on Friday. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $53.88. The stock's 50 day moving average price is $39.61 and its two-hundred day moving average price is $44.52. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.
Rexford Industrial Realty (NYSE:REXR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. Equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.43 per share. This is a positive change from Rexford Industrial Realty's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a dividend yield of 4.26%. Rexford Industrial Realty's payout ratio is 138.02%.
A number of equities research analysts have recently commented on the company. Bank of America lowered Rexford Industrial Realty from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $66.00 to $49.00 in a research report on Monday, October 21st. Truist Financial dropped their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Scotiabank lowered Rexford Industrial Realty from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Thursday. Finally, StockNews.com lowered Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $48.75.
Get Our Latest Stock Report on REXR
Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.
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