Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 20.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,235 shares of the real estate investment trust’s stock after purchasing an additional 35,802 shares during the period. Tidal Investments LLC owned 0.09% of Rexford Industrial Realty worth $8,012,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of REXR. Rush Island Management LP acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth approximately $132,701,000. Norges Bank acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth approximately $104,685,000. Long Pond Capital LP acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth approximately $58,595,000. Northern Trust Corp raised its position in shares of Rexford Industrial Realty by 94.3% during the 4th quarter. Northern Trust Corp now owns 3,104,624 shares of the real estate investment trust’s stock worth $120,025,000 after purchasing an additional 1,506,779 shares during the last quarter. Finally, Resolution Capital Ltd purchased a new stake in Rexford Industrial Realty in the 4th quarter worth approximately $52,025,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 0.4%

Shares of NYSE REXR opened at $35.59 on Tuesday. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $52.61. The firm has a fifty day moving average of $35.47 and a 200-day moving average of $38.74. The stock has a market capitalization of $8.42 billion, a PE ratio of 29.41, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.05. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. The company had revenue of $248.82 million during the quarter, compared to analysts’ expectations of $246.74 million. On average, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.72 annualized dividend and a dividend yield of 4.83%. Rexford Industrial Realty’s dividend payout ratio is presently 138.71%.

Analyst Upgrades and Downgrades

REXR has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Rexford Industrial Realty from $45.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, March 25th. Scotiabank lowered their target price on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a “sector perform” rating for the company in a research note on Monday, May 12th. Robert W. Baird set a $43.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a “neutral” rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.00.

Rexford Industrial Realty Profile

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.