Natixis Advisors LLC Sells 3,199 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Natixis Advisors LLC cut its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 8.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,310 shares of the real estate investment trust’s stock after selling 3,199 shares during the period. Natixis Advisors LLC’s holdings in Rexford Industrial Realty were worth $1,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Hilton Capital Management LLC boosted its stake in shares of Rexford Industrial Realty by 4.6% during the 4th quarter. Hilton Capital Management LLC now owns 22,966 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 1,001 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $14,416,000. PGGM Investments grew its stake in shares of Rexford Industrial Realty by 11.7% during the fourth quarter. PGGM Investments now owns 3,302,781 shares of the real estate investment trust’s stock valued at $127,686,000 after buying an additional 344,972 shares during the last quarter. Swiss National Bank raised its holdings in shares of Rexford Industrial Realty by 1.5% in the fourth quarter. Swiss National Bank now owns 431,716 shares of the real estate investment trust’s stock worth $16,690,000 after buying an additional 6,500 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Rexford Industrial Realty by 172.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,501 shares of the real estate investment trust’s stock worth $4,659,000 after acquiring an additional 76,266 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Mizuho cut their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective for the company. Barclays reduced their target price on shares of Rexford Industrial Realty from $41.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Scotiabank decreased their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.25.

Rexford Industrial Realty Stock Down 1.1 %

Shares of NYSE REXR opened at $39.72 on Wednesday. Rexford Industrial Realty, Inc. has a 12-month low of $36.92 and a 12-month high of $52.61. The stock’s fifty day simple moving average is $40.32 and its two-hundred day simple moving average is $42.59. The stock has a market capitalization of $9.05 billion, a PE ratio of 32.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.43 per share. This is a boost 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 dividend on an annualized basis and a yield of 4.33%. Rexford Industrial Realty’s dividend payout ratio is presently 142.15%.

About Rexford Industrial Realty

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.