Prudent Man Advisors LLC Sells 499 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Prudent Man Advisors LLC cut its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.0% during the 4th quarter, Holdings Channel reports. The fund owned 15,933 shares of the real estate investment trust’s stock after selling 499 shares during the period. Prudent Man Advisors LLC’s holdings in Rexford Industrial Realty were worth $616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. increased its stake in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 280 shares in the last quarter. Archer Investment Corp increased its position in shares of Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 800 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Rexford Industrial Realty by 13.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 371 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in Rexford Industrial Realty in the 3rd quarter valued at about $129,000. Finally, International Assets Investment Management LLC boosted its stake in Rexford Industrial Realty by 4,835.8% during the 3rd quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,563 shares during the last quarter. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on REXR. Truist Financial lowered their price objective on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. JPMorgan Chase & Co. lowered 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. Barclays dropped their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Monday, January 13th. Mizuho reduced their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank dropped their price target on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $48.67.

Rexford Industrial Realty Stock Up 1.4 %

REXR opened at $41.38 on Friday. Rexford Industrial Realty, Inc. has a twelve month low of $36.92 and a twelve month high of $53.88. The company’s 50-day moving average price is $39.70 and its two-hundred day moving average price is $44.01. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 34.19, a PEG ratio of 2.62 and a beta of 0.95. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.39.

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, beating 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%. As a group, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 annualized dividend and a yield of 4.16%. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

Rexford Industrial Realty 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.