Louisiana State Employees Retirement System Has $2.38 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Louisiana State Employees Retirement System grew its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,600 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Rexford Industrial Realty were worth $2,381,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in REXR. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Rexford Industrial Realty during the 3rd quarter worth approximately $3,376,000. Asset Management One Co. Ltd. increased its position in shares of Rexford Industrial Realty by 15.8% during 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rexford Industrial Realty by 26.9% during 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 period. Koa Wealth Management LLC lifted its position in Rexford Industrial Realty by 357.2% in the 4th quarter. Koa Wealth Management LLC now owns 32,766 shares of the real estate investment trust’s stock valued at $1,267,000 after acquiring an additional 25,600 shares in the last quarter. Finally, Graham Capital Wealth Management LLC boosted its stake in Rexford Industrial Realty by 83.9% in the 4th quarter. Graham Capital Wealth Management LLC now owns 80,948 shares of the real estate investment trust’s stock worth $3,129,000 after purchasing an additional 36,919 shares during the period. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Down 0.5 %

Shares of REXR stock opened at $40.39 on Friday. Rexford Industrial Realty, Inc. has a 52-week low of $36.92 and a 52-week high of $53.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.30. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 33.38, a PEG ratio of 2.28 and a beta of 0.95. The firm’s 50-day moving average is $39.61 and its 200-day moving average is $44.55.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results 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 predict that Rexford Industrial Realty, Inc. will post 2.39 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.43 dividend. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Monday, March 31st. Rexford Industrial Realty’s payout ratio is currently 142.15%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $66.00 to $49.00 in a research report on Monday, October 21st. Mizuho lowered their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays reduced their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Finally, Scotiabank lowered shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and a consensus target price of $48.75.

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.