Timbercreek Investment Management Inc. boosted its position in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 243,700 shares of the real estate investment trust’s stock after purchasing an additional 11,500 shares during the quarter. Rexford Industrial Realty comprises about 2.1% of Timbercreek Investment Management Inc.’s holdings, making the stock its 24th biggest holding. Timbercreek Investment Management Inc. owned 0.26% of Rexford Industrial Realty worth $7,182,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Macquarie Group Ltd. grew its position in Rexford Industrial Realty by 107.3% during the 2nd quarter. Macquarie Group Ltd. now owns 329,999 shares of the real estate investment trust’s stock valued at $10,358,000 after purchasing an additional 170,812 shares during the last quarter. Wells Fargo & Company MN grew its position in Rexford Industrial Realty by 2.8% during the 3rd quarter. Wells Fargo & Company MN now owns 238,278 shares of the real estate investment trust’s stock valued at $7,617,000 after purchasing an additional 6,538 shares during the last quarter. Strs Ohio grew its position in Rexford Industrial Realty by 8.1% during the 3rd quarter. Strs Ohio now owns 148,931 shares of the real estate investment trust’s stock valued at $4,759,000 after purchasing an additional 11,154 shares during the last quarter. Moody Aldrich Partners LLC grew its position in Rexford Industrial Realty by 41.6% during the 3rd quarter. Moody Aldrich Partners LLC now owns 249,009 shares of the real estate investment trust’s stock valued at $7,958,000 after purchasing an additional 73,114 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Rexford Industrial Realty by 12.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 93,697 shares of the real estate investment trust’s stock valued at $2,995,000 after purchasing an additional 10,436 shares during the last quarter. 99.96% of the stock is currently owned by institutional investors.
In other Rexford Industrial Realty news, CFO Adeel Khan acquired 2,250 shares of the stock in a transaction dated Friday, November 16th. The shares were purchased at an average price of $22.43 per share, for a total transaction of $50,467.50. Following the purchase, the chief financial officer now directly owns 2,250 shares of the company’s stock, valued at $50,467.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is owned by corporate insiders.
Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Tuesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $54.47 million for the quarter, compared to the consensus estimate of $55.09 million. Rexford Industrial Realty had a net margin of 22.47% and a return on equity of 3.18%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.25 EPS. As a group, equities research analysts anticipate that Rexford Industrial Realty Inc will post 1.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, December 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 66.67%.
Several brokerages recently commented on REXR. Zacks Investment Research raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. TheStreet raised shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. raised shares of Rexford Industrial Realty from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Rexford Industrial Realty currently has an average rating of “Buy” and an average price target of $33.20.
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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 168 properties with approximately 20.6 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
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