HighTower Advisors LLC Has $559,000 Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

HighTower Advisors LLC trimmed its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 74.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,458 shares of the real estate investment trust’s stock after selling 42,973 shares during the period. HighTower Advisors LLC’s holdings in Rexford Industrial Realty were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of Rexford Industrial Realty by 49.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 965 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Rexford Industrial Realty by 5.6% in the 3rd quarter. Cerity Partners LLC now owns 39,332 shares of the real estate investment trust’s stock valued at $1,979,000 after buying an additional 2,075 shares in the last quarter. Bank of Montreal Can increased its holdings in Rexford Industrial Realty by 5.2% in the third quarter. Bank of Montreal Can now owns 72,416 shares of the real estate investment trust’s stock worth $3,658,000 after buying an additional 3,604 shares during the last quarter. FMR LLC raised its position in Rexford Industrial Realty by 243.8% during the third quarter. FMR LLC now owns 275,669 shares of the real estate investment trust’s stock valued at $13,869,000 after acquiring an additional 195,496 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Rexford Industrial Realty by 5.5% in the third quarter. BNP Paribas Financial Markets now owns 175,658 shares of the real estate investment trust’s stock valued at $8,837,000 after acquiring an additional 9,093 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

REXR opened at $39.37 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $40.35 and its two-hundred day moving average price is $42.42. The firm has a market capitalization of $8.97 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. This is an increase 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 4.37%. Rexford Industrial Realty’s payout ratio is presently 142.15%.

Wall Street Analyst Weigh In

REXR has been the topic of several analyst reports. Barclays dropped their price target on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 price target for the company. Robert W. Baird cut their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Finally, Industrial Alliance Securities set a $38.00 target price on Rexford Industrial Realty in a research report on Tuesday. Two research 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.83.

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.