Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 105,243 shares of the real estate investment trust’s stock after buying an additional 962 shares during the quarter. Amalgamated Bank’s holdings in Rexford Industrial Realty were worth $4,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of REXR. Bank of New York Mellon Corp boosted its stake in shares of Rexford Industrial Realty by 1.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,777,062 shares of the real estate investment trust’s stock worth $68,701,000 after buying an additional 23,736 shares during the period. Impax Asset Management Group plc lifted its position in Rexford Industrial Realty by 63.6% during the 4th quarter. Impax Asset Management Group plc now owns 21,691 shares of the real estate investment trust’s stock worth $839,000 after acquiring an additional 8,431 shares during the period. Rothschild Investment LLC lifted its position in Rexford Industrial Realty by 760,280.0% during the 4th quarter. Rothschild Investment LLC now owns 38,019 shares of the real estate investment trust’s stock worth $1,470,000 after acquiring an additional 38,014 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in shares of Rexford Industrial Realty in the 4th quarter valued at approximately $1,082,000. Finally, CIBC Asset Management Inc increased its holdings in shares of Rexford Industrial Realty by 5.7% in the fourth quarter. CIBC Asset Management Inc now owns 6,572 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 355 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Stock Performance

Shares of REXR stock opened at $41.38 on Friday. The stock has a fifty day moving average price of $39.70 and a 200 day moving average price of $44.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $9.43 billion, a PE ratio of 34.19, a P/E/G ratio of 2.62 and a beta of 0.95. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $53.88.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (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 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.16%. Rexford Industrial Realty’s dividend payout ratio is currently 142.15%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective on the stock. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Scotiabank cut their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a report on Friday. Mizuho lowered their price objective 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. Finally, JPMorgan Chase & Co. cut their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company 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 assigned a buy rating to the company. Based on data from MarketBeat, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $48.67.

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.