Rexford Industrial Realty Inc (REXR) Holdings Boosted by Davis Selected Advisers

Davis Selected Advisers grew its holdings in Rexford Industrial Realty Inc (NYSE:REXR) by 50.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 314,670 shares of the real estate investment trust’s stock after purchasing an additional 104,990 shares during the quarter. Davis Selected Advisers owned about 0.40% of Rexford Industrial Realty worth $9,006,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Advisor Group Inc. raised its position in shares of Rexford Industrial Realty by 13.6% during the second quarter. Advisor Group Inc. now owns 3,787 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 453 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Rexford Industrial Realty by 1.9% during the second quarter. Victory Capital Management Inc. now owns 3,743 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 71 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Rexford Industrial Realty by 10.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 469 shares during the last quarter. GAM Holding AG raised its position in shares of Rexford Industrial Realty by 7.5% during the second quarter. GAM Holding AG now owns 5,712 shares of the real estate investment trust’s stock worth $157,000 after acquiring an additional 400 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Rexford Industrial Realty during the second quarter worth $159,000.

A number of equities research analysts have recently weighed in on REXR shares. BidaskClub upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, October 4th. National Securities upgraded Rexford Industrial Realty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $32.00 in a research report on Tuesday, August 29th. Jefferies Group restated a “buy” rating and set a $34.00 target price (up previously from $32.00) on shares of Rexford Industrial Realty in a research report on Thursday, August 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.78.

Rexford Industrial Realty Inc (NYSE REXR) traded down $0.07 during midday trading on Friday, reaching $30.71. The company had a trading volume of 439,100 shares, compared to its average volume of 472,096. The company has a market capitalization of $2,397.73, a P/E ratio of 32.74, a PEG ratio of 4.17 and a beta of 0.77. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.57. Rexford Industrial Realty Inc has a fifty-two week low of $21.34 and a fifty-two week high of $31.71.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $43.30 million during the quarter, compared to the consensus estimate of $41.77 million. Rexford Industrial Realty had a return on equity of 3.39% and a net margin of 23.50%. The firm’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 earnings per share. equities research analysts predict that Rexford Industrial Realty Inc will post 0.96 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.145 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.58 dividend on an annualized basis and a yield of 1.89%. Rexford Industrial Realty’s dividend payout ratio is presently 134.89%.

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Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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