D.A. Davidson & CO. lifted its holdings in Rexford Industrial Realty Inc (NYSE:REXR) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,110 shares of the real estate investment trust’s stock after purchasing an additional 435 shares during the period. D.A. Davidson & CO.’s holdings in Rexford Industrial Realty were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in REXR. Signition LP acquired a new position in shares of Rexford Industrial Realty during the fourth quarter worth $296,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Rexford Industrial Realty by 9.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,657 shares of the real estate investment trust’s stock valued at $727,000 after acquiring an additional 2,076 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Rexford Industrial Realty by 5.3% in the fourth quarter. Fisher Asset Management LLC now owns 113,529 shares of the real estate investment trust’s stock valued at $3,346,000 after acquiring an additional 5,678 shares in the last quarter. First Quadrant L P CA acquired a new position in Rexford Industrial Realty in the fourth quarter valued at $1,177,000. Finally, Strs Ohio boosted its stake in Rexford Industrial Realty by 7.6% in the fourth quarter. Strs Ohio now owns 160,240 shares of the real estate investment trust’s stock valued at $4,722,000 after acquiring an additional 11,309 shares in the last quarter.
In other news, CFO Adeel Khan purchased 2,250 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was purchased at an average cost of $22.43 per share, with a total value of $50,467.50. Following the completion of the acquisition, the chief financial officer now directly owns 2,250 shares of the company’s stock, valued at approximately $50,467.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.80% of the company’s stock.
NYSE REXR opened at $34.92 on Thursday. The stock has a market cap of $3.23 billion, a P/E ratio of 36.38, a PEG ratio of 3.70 and a beta of 0.87. Rexford Industrial Realty Inc has a 52-week low of $26.52 and a 52-week high of $35.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 6.21 and a quick ratio of 6.21.
Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $56.13 million during the quarter, compared to analysts’ expectations of $55.81 million. Rexford Industrial Realty had a net margin of 22.47% and a return on equity of 3.18%. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. As a group, sell-side analysts predict that Rexford Industrial Realty Inc will post 1.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a dividend of $0.185 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.16. This represents a $0.74 annualized dividend and a yield of 2.12%. The ex-dividend date is Thursday, March 28th. Rexford Industrial Realty’s dividend payout ratio is currently 66.67%.
Several equities analysts have issued reports on REXR shares. TheStreet upgraded shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Friday, November 2nd. Zacks Investment Research upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Friday, December 28th. Finally, JPMorgan Chase & Co. upgraded shares of Rexford Industrial Realty from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.20.
COPYRIGHT VIOLATION WARNING: “Rexford Industrial Realty Inc (REXR) Position Boosted by D.A. Davidson & CO.” was published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.thestockobserver.com/2019/02/14/rexford-industrial-realty-inc-rexr-position-boosted-by-d-a-davidson-co.html.
About Rexford Industrial Realty
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 168 properties with approximately 20.6 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
Read More: What is net income?
Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty Inc (NYSE:REXR).
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.