Public Employees Retirement Association of Colorado Lowers Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Public Employees Retirement Association of Colorado lowered its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,295 shares of the real estate investment trust’s stock after selling 72,500 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Rexford Industrial Realty were worth $6,700,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in REXR. Quantbot Technologies LP purchased a new position in Rexford Industrial Realty during the fourth quarter valued at approximately $33,000. UMB Bank n.a. raised its position in shares of Rexford Industrial Realty by 38.9% during the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Rexford Industrial Realty by 515.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 1,248 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Rexford Industrial Realty during the fourth quarter valued at approximately $65,000. Finally, SRS Capital Advisors Inc. raised its position in shares of Rexford Industrial Realty by 4,104.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock valued at $107,000 after buying an additional 2,709 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 0.9 %

Shares of NYSE REXR opened at $33.38 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $7.90 billion, a P/E ratio of 27.59, a PEG ratio of 2.62 and a beta of 0.99. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $52.61. The firm has a 50-day simple moving average of $37.27 and a two-hundred day simple moving average of $39.85.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.05. The business had revenue of $248.82 million during the quarter, compared to the consensus estimate of $246.74 million. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Monday, June 30th. Rexford Industrial Realty’s dividend payout ratio is presently 138.71%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on REXR. Evercore ISI reduced their price objective on shares of Rexford Industrial Realty from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Scotiabank reduced their price target on shares of Rexford Industrial Realty from $47.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, April 7th. Industrial Alliance Securities set a $38.00 price target on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Barclays reduced 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 report on Tuesday, March 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and an average target price of $44.00.

Rexford Industrial Realty Company 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.