Whittier Trust Co. of Nevada Inc. Boosts Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Whittier Trust Co. of Nevada Inc. increased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 515.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,490 shares of the real estate investment trust’s stock after buying an additional 1,248 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Rexford Industrial Realty were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Paradigm Asset Management Co. LLC bought a new position in Rexford Industrial Realty in the 4th quarter valued at approximately $1,082,000. Charles Schwab Investment Management Inc. lifted its position in Rexford Industrial Realty by 3.5% in the 4th 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 acquiring an additional 93,360 shares in the last quarter. Impax Asset Management Group plc lifted its position in Rexford Industrial Realty by 63.6% in the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock valued at $839,000 after acquiring an additional 8,431 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after acquiring an additional 954,202 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in Rexford Industrial Realty by 760,280.0% in the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock valued at $1,470,000 after acquiring an additional 38,014 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 3.4 %

NYSE:REXR opened at $39.00 on Monday. 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 firm has a market capitalization of $8.89 billion, a price-to-earnings 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 one year low of $36.92 and a one year high of $52.61. The business has a fifty day moving average price of $40.27 and a 200-day moving average price of $42.72.

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

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio is presently 142.15%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird lowered their price objective on 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. Mizuho lowered their price target on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Scotiabank lowered their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.