Arbor Capital Management Inc. ADV Acquires 1,487 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Arbor Capital Management Inc. ADV raised its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 14.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,615 shares of the real estate investment trust’s stock after buying an additional 1,487 shares during the period. Arbor Capital Management Inc. ADV’s holdings in Rexford Industrial Realty were worth $470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Paradigm Asset Management Co. LLC purchased a new position in shares of Rexford Industrial Realty during the fourth quarter valued at about $1,082,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Rexford Industrial Realty during the third quarter valued at about $3,376,000. Charles Schwab Investment Management Inc. grew its position in shares of Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock valued at $107,587,000 after purchasing an additional 93,360 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Rexford Industrial Realty by 63.6% during the fourth quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock valued at $839,000 after purchasing an additional 8,431 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after purchasing an additional 954,202 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $39.98 on Monday. The company has a 50 day moving average price of $40.06 and a 200-day moving average price of $43.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a fifty-two week low of $36.92 and a fifty-two week high of $52.61. The company has a market capitalization of $9.11 billion, a PE ratio of 33.04, a P/E/G ratio of 2.62 and a beta of 0.98.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. As a group, equities analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s payout ratio is currently 142.15%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. JPMorgan Chase & Co. dropped their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Robert W. Baird dropped their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Mizuho dropped their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.50.

About Rexford Industrial Realty

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.