Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 34,635 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 40.3% during the 4th quarter, HoldingsChannel reports. The fund owned 120,640 shares of the real estate investment trust’s stock after buying an additional 34,635 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Rexford Industrial Realty were worth $4,664,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of REXR. UMB Bank n.a. lifted its stake in shares of Rexford Industrial Realty by 38.9% in the fourth quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 280 shares in the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Rexford Industrial Realty by 4,104.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,775 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 2,709 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 371 shares in the last quarter. Quarry LP lifted its stake in shares of Rexford Industrial Realty by 239.6% in the third quarter. Quarry LP now owns 2,649 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,869 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Rexford Industrial Realty by 49.5% in the third quarter. Advisors Asset Management Inc. now owns 2,913 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 965 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on REXR shares. Scotiabank dropped their target price on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Mizuho dropped their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started 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. Robert W. Baird lowered their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Two investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.50.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $39.00 on Monday. The firm has a fifty day moving average price of $40.27 and a 200-day moving average price of $42.72. 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 stock has a market cap of $8.89 billion, a PE ratio of 32.23, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $52.61.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. Equities analysts anticipate that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 4.41%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

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.