Tidal Investments LLC Grows Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Tidal Investments LLC grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 39.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 96,697 shares of the real estate investment trust’s stock after acquiring an additional 27,410 shares during the period. Tidal Investments LLC’s holdings in Rexford Industrial Realty were worth $4,864,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital International Investors boosted its holdings in Rexford Industrial Realty by 687.7% in the 1st quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust’s stock valued at $985,411,000 after purchasing an additional 17,103,653 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Rexford Industrial Realty by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust’s stock worth $1,002,654,000 after purchasing an additional 4,197,907 shares in the last quarter. Norges Bank bought a new position in shares of Rexford Industrial Realty in the fourth quarter worth approximately $157,685,000. Canada Pension Plan Investment Board grew its stake in Rexford Industrial Realty by 262.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,237,288 shares of the real estate investment trust’s stock worth $112,536,000 after buying an additional 1,620,378 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Rexford Industrial Realty by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 28,981,854 shares of the real estate investment trust’s stock worth $1,625,882,000 after purchasing an additional 1,235,894 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. Evercore ISI assumed coverage on Rexford Industrial Realty in a research note on Wednesday, July 10th. They issued an “outperform” rating and a $54.00 price target on the stock. Robert W. Baird dropped their price objective on Rexford Industrial Realty from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, May 1st. Scotiabank cut their target price on shares of Rexford Industrial Realty from $55.00 to $51.00 and set a “sector outperform” rating on the stock in a report on Thursday, May 16th. Finally, Mizuho lowered their price target on shares of Rexford Industrial Realty from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $52.70.

Rexford Industrial Realty Trading Up 0.0 %

NYSE REXR traded up $0.02 during trading on Thursday, hitting $50.13. The company had a trading volume of 307,113 shares, compared to its average volume of 1,761,257. The company’s fifty day moving average is $46.05 and its 200-day moving average is $48.33. Rexford Industrial Realty, Inc. has a one year low of $41.56 and a one year high of $58.02. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41. The company has a market cap of $11.00 billion, a price-to-earnings ratio of 45.97, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.21). Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 30.71%. The company had revenue of $237.60 million during the quarter, compared to the consensus estimate of $227.70 million. During the same period in the previous year, the company earned $0.54 earnings per share. Rexford Industrial Realty’s quarterly revenue was up 21.3% on a year-over-year basis. On average, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 3.33%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, September 30th. Rexford Industrial Realty’s dividend payout ratio is presently 153.21%.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 30,358 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the completion of the transaction, the chief executive officer now owns 50,673 shares of the company’s stock, valued at $2,475,882.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Rexford Industrial Realty Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.