SG Americas Securities LLC raised its holdings in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 50.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,835 shares of the real estate investment trust’s stock after purchasing an additional 34,775 shares during the quarter. SG Americas Securities LLC owned approximately 0.11% of Rexford Industrial Realty worth $3,319,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in REXR. Long Pond Capital LP purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth about $78,039,000. FMR LLC lifted its holdings in shares of Rexford Industrial Realty by 37.4% in the second quarter. FMR LLC now owns 7,561,704 shares of the real estate investment trust’s stock worth $237,361,000 after buying an additional 2,057,501 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Rexford Industrial Realty by 15.0% in the second quarter. BlackRock Inc. now owns 9,164,396 shares of the real estate investment trust’s stock worth $287,672,000 after buying an additional 1,193,005 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Rexford Industrial Realty in the second quarter worth about $15,615,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Rexford Industrial Realty by 107.3% in the second quarter. Macquarie Group Ltd. now owns 329,999 shares of the real estate investment trust’s stock worth $10,358,000 after buying an additional 170,812 shares in the last quarter.
In related news, CFO Adeel Khan bought 2,250 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were acquired at an average cost of $22.43 per share, with a total value of $50,467.50. Following the completion of the purchase, the chief financial officer now directly owns 2,250 shares of the company’s stock, valued at approximately $50,467.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% of the company’s stock.
Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $54.47 million for the quarter, compared to the consensus estimate of $55.09 million. Rexford Industrial Realty had a net margin of 22.47% and a return on equity of 3.18%. Rexford Industrial Realty’s quarterly revenue was up 26.0% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. On average, analysts anticipate that Rexford Industrial Realty Inc will post 1.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, December 28th. Rexford Industrial Realty’s dividend payout ratio is currently 66.67%.
REXR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Thursday, October 4th. Capital One Financial raised shares of Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 1st. Finally, TheStreet raised shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.00.
Rexford Industrial Realty Company Profile
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 168 properties with approximately 20.6 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
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