Susquehanna International Group LLP bought a new stake in Rexford Industrial Realty Inc (NYSE:REXR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 53,577 shares of the real estate investment trust’s stock, valued at approximately $2,163,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Nuveen Asset Management LLC lifted its stake in Rexford Industrial Realty by 1,220.3% in the second quarter. Nuveen Asset Management LLC now owns 6,183,483 shares of the real estate investment trust’s stock worth $249,626,000 after acquiring an additional 5,715,137 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Rexford Industrial Realty by 8,836.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,593,894 shares of the real estate investment trust’s stock worth $145,086,000 after purchasing an additional 3,553,677 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Rexford Industrial Realty by 2,091.0% in the 2nd quarter. Invesco Ltd. now owns 2,515,501 shares of the real estate investment trust’s stock valued at $101,551,000 after purchasing an additional 2,400,690 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 6.7% in the 2nd quarter. Vanguard Group Inc. now owns 14,905,784 shares of the real estate investment trust’s stock valued at $601,746,000 after purchasing an additional 929,535 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its stake in Rexford Industrial Realty by 7,328.9% during the 2nd quarter. Centersquare Investment Management LLC now owns 456,879 shares of the real estate investment trust’s stock worth $18,444,000 after buying an additional 450,729 shares during the last quarter. Institutional investors own 99.00% of the company’s stock.
In other news, CEO Howard Schwimmer sold 23,600 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $41.70, for a total value of $984,120.00. Following the completion of the transaction, the chief executive officer now directly owns 68,958 shares in the company, valued at $2,875,548.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.70% of the company’s stock.
Shares of REXR stock traded down $1.08 during mid-day trading on Tuesday, hitting $43.20. The stock had a trading volume of 662,406 shares, compared to its average volume of 535,592. Rexford Industrial Realty Inc has a fifty-two week low of $28.17 and a fifty-two week high of $44.92. The firm has a market cap of $4.80 billion, a PE ratio of 38.57, a PEG ratio of 5.04 and a beta of 0.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 7.17 and a quick ratio of 7.17. The company’s 50-day simple moving average is $42.70 and its 200-day simple moving average is $39.01.
Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.17). Rexford Industrial Realty had a return on equity of 2.63% and a net margin of 21.02%. The firm had revenue of $63.60 million for the quarter, compared to analyst estimates of $63.33 million. During the same quarter last year, the firm earned $0.27 earnings per share. The company’s revenue was up 23.3% compared to the same quarter last year. On average, analysts expect that Rexford Industrial Realty Inc will post 1.21 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Friday, September 27th. Rexford Industrial Realty’s payout ratio is 66.07%.
Rexford Industrial Realty Profile
Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 179 properties with approximately 22.1 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.
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