Quantinno Capital Management LP Acquires 1,744 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Quantinno Capital Management LP lifted its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 14.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,939 shares of the real estate investment trust’s stock after buying an additional 1,744 shares during the quarter. Quantinno Capital Management LP’s holdings in Rexford Industrial Realty were worth $701,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Fulton Bank N.A. raised its holdings in shares of Rexford Industrial Realty by 4.7% in the third quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 224 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Rexford Industrial Realty by 4.8% in the third quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 296 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Rexford Industrial Realty by 2.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 14,641 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 337 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Rexford Industrial Realty by 0.8% during the 2nd quarter. Victory Capital Management Inc. now owns 46,066 shares of the real estate investment trust’s stock worth $2,054,000 after purchasing an additional 345 shares during the last quarter. Finally, Naviter Wealth LLC raised its holdings in Rexford Industrial Realty by 2.6% during the 3rd quarter. Naviter Wealth LLC now owns 14,907 shares of the real estate investment trust’s stock worth $756,000 after purchasing an additional 382 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Price Performance

Shares of REXR opened at $40.87 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50 day simple moving average of $43.44 and a 200 day simple moving average of $46.61. Rexford Industrial Realty, Inc. has a 52-week low of $39.85 and a 52-week high of $58.02. The firm has a market capitalization of $9.09 billion, a PE ratio of 33.23, a P/E/G ratio of 1.93 and a beta of 0.93.

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

Rexford Industrial Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.4175 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 4.09%. Rexford Industrial Realty’s dividend payout ratio is presently 135.77%.

Wall Street Analysts Forecast Growth

REXR has been the subject of several recent research reports. Mizuho dropped their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Truist Financial dropped their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Scotiabank cut Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $55.00 to $48.00 in a report on Friday, October 25th. Finally, Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.09.

Rexford Industrial Realty Company 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.