Moran Wealth Management LLC Has $841,000 Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Moran Wealth Management LLC reduced its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,752 shares of the real estate investment trust’s stock after selling 930 shares during the quarter. Moran Wealth Management LLC’s holdings in Rexford Industrial Realty were worth $841,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Isthmus Partners LLC raised its holdings in shares of Rexford Industrial Realty by 7.3% in the 4th quarter. Isthmus Partners LLC now owns 6,887 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 469 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rexford Industrial Realty by 50.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,566 shares of the real estate investment trust’s stock valued at $5,396,000 after buying an additional 46,703 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Rexford Industrial Realty in the fourth quarter valued at approximately $13,959,000. Amundi boosted its stake in shares of Rexford Industrial Realty by 0.8% during the 4th quarter. Amundi now owns 119,708 shares of the real estate investment trust’s stock worth $4,579,000 after acquiring an additional 956 shares during the period. Finally, Davis Selected Advisers increased its holdings in shares of Rexford Industrial Realty by 62.3% during the 4th quarter. Davis Selected Advisers now owns 339,590 shares of the real estate investment trust’s stock worth $13,129,000 after acquiring an additional 130,340 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

REXR has been the subject of several research reports. Robert W. Baird cut their price target on Rexford Industrial Realty from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price for the company. Mizuho decreased their price target 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. Truist Financial cut 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. Finally, JPMorgan Chase & Co. decreased their target price on 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 research 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.50.

Rexford Industrial Realty Trading Down 0.1 %

Shares of REXR stock opened at $39.63 on Wednesday. The stock has a market cap of $9.04 billion, a P/E ratio of 32.76, 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 $53.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $40.02 and a 200 day simple moving average of $43.35.

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

Rexford Industrial Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.34%. This is an increase 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 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.