Rothschild Investment LLC Acquires 38,014 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Rothschild Investment LLC boosted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 760,280.0% in the fourth quarter, HoldingsChannel reports. The firm owned 38,019 shares of the real estate investment trust’s stock after acquiring an additional 38,014 shares during the period. Rothschild Investment LLC’s holdings in Rexford Industrial Realty were worth $1,470,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Rexford Industrial Realty in the third quarter valued at about $3,376,000. Asset Management One Co. Ltd. raised its stake in shares of Rexford Industrial Realty by 15.8% in the third quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock worth $23,730,000 after acquiring an additional 64,264 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Rexford Industrial Realty by 26.9% in the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after acquiring an additional 954,202 shares during the last quarter. Paradigm Asset Management Co. LLC acquired a new position in shares of Rexford Industrial Realty during the fourth quarter worth approximately $1,082,000. Finally, Koa Wealth Management LLC grew its stake in shares of Rexford Industrial Realty by 357.2% during the fourth quarter. Koa Wealth Management LLC now owns 32,766 shares of the real estate investment trust’s stock valued at $1,267,000 after purchasing an additional 25,600 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $40.23 on Tuesday. The stock has a market cap of $9.17 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The stock has a 50-day moving average of $39.59 and a 200-day moving average of $44.12. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.30 and a quick ratio of 1.30. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $53.88.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The firm also recently disclosed 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 4.28%. The ex-dividend date is Monday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 142.15%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Truist Financial dropped 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 research report on Tuesday, November 12th. Barclays dropped their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 price target on the stock. Mizuho dropped their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $48.75.

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.