Virtu Financial LLC Takes $607,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Virtu Financial LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,069 shares of the real estate investment trust’s stock, valued at approximately $607,000.

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

Rexford Industrial Realty Trading Down 2.6 %

NYSE:REXR traded down $1.30 on Friday, reaching $49.17. The stock had a trading volume of 1,401,417 shares, compared to its average volume of 1,767,188. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 45.11, a P/E/G ratio of 2.05 and a beta of 0.91. The firm’s fifty day moving average is $46.18 and its two-hundred day moving average is $48.35. Rexford Industrial Realty, Inc. has a 12-month low of $41.56 and a 12-month high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last announced its 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 firm had revenue of $237.60 million for the quarter, compared to analyst estimates of $227.70 million. During the same quarter last year, the business posted $0.54 EPS. The firm’s revenue was up 21.3% compared to the same quarter last year. Equities analysts expect that Rexford Industrial Realty, Inc. will post 2.35 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is 153.21%.

Analysts Set New Price Targets

Several brokerages recently weighed in on REXR. StockNews.com raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. raised their target price on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Mizuho cut their price objective on shares of Rexford Industrial Realty from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Evercore ISI began coverage on shares of Rexford Industrial Realty in a report on Wednesday, July 10th. They set an “outperform” rating and a $54.00 price objective on the stock. Finally, Barclays raised their price objective on shares of Rexford Industrial Realty from $45.00 to $46.00 and gave the stock an “underweight” rating in a report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $52.70.

Insider Buying and Selling at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction on Friday, July 26th. The shares were sold at an average price of $48.86, for a total value of $1,483,291.88. Following the transaction, the chief executive officer now owns 50,673 shares in the company, valued at approximately $2,475,882.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

About Rexford Industrial Realty

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.