UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,489,876 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 338.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,930,706 shares of the real estate investment trust’s stock after purchasing an additional 1,489,876 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.87% of Rexford Industrial Realty worth $97,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of REXR. Massmutual Trust Co. FSB ADV boosted its holdings in Rexford Industrial Realty by 169.4% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 349 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Rexford Industrial Realty in the second quarter worth about $26,000. UMB Bank n.a. grew its position in shares of Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 447 shares in the last quarter. Headlands Technologies LLC bought a new stake in Rexford Industrial Realty during the 2nd quarter valued at approximately $41,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Rexford Industrial Realty by 1,252.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 864 shares in the last quarter. 99.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rexford Industrial Realty

In related news, CFO Laura E. Clark sold 14,185 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Industrial Alliance Securities set a $55.00 price target on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the company from $55.00 to $48.00 in a research report on Friday, October 25th. Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Finally, StockNews.com cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $51.09.

Rexford Industrial Realty Price Performance

NYSE:REXR opened at $42.08 on Monday. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 1.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The business has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $46.91. Rexford Industrial Realty, Inc. has a 1 year low of $41.16 and a 1 year high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). The firm had revenue of $241.84 million for the quarter, compared to the consensus estimate of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. Equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.97%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 135.77%.

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.