Rexford Industrial Realty Inc (REXR) Position Trimmed by Susquehanna International Group LLP

Susquehanna International Group LLP reduced its position in Rexford Industrial Realty Inc (NYSE:REXR) by 64.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,917 shares of the real estate investment trust’s stock after selling 76,276 shares during the quarter. Susquehanna International Group LLP owned 0.06% of Rexford Industrial Realty worth $1,228,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Rexford Industrial Realty by 93.4% during the third quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the real estate investment trust’s stock worth $92,613,000 after acquiring an additional 1,562,996 shares during the period. Vanguard Group Inc. increased its position in shares of Rexford Industrial Realty by 16.2% during the second quarter. Vanguard Group Inc. now owns 9,200,033 shares of the real estate investment trust’s stock worth $252,449,000 after acquiring an additional 1,282,548 shares during the period. 1060 Capital LLC purchased a new position in shares of Rexford Industrial Realty during the third quarter worth approximately $15,172,000. Eagle Asset Management Inc. purchased a new position in shares of Rexford Industrial Realty during the third quarter worth approximately $15,020,000. Finally, Renaissance Technologies LLC increased its position in shares of Rexford Industrial Realty by 191.9% during the second quarter. Renaissance Technologies LLC now owns 673,300 shares of the real estate investment trust’s stock worth $18,475,000 after acquiring an additional 442,600 shares during the period.

A number of brokerages have recently commented on REXR. J P Morgan Chase & Co lowered shares of Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price on the stock. in a research report on Friday. National Securities reiterated a “buy” rating and set a $34.00 price objective on shares of Rexford Industrial Realty in a research note on Monday, November 27th. B. Riley reiterated a “neutral” rating on shares of Rexford Industrial Realty in a research note on Tuesday, November 7th. BidaskClub upgraded shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating in a research note on Saturday, November 4th. Finally, Zacks Investment Research downgraded shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Rexford Industrial Realty presently has a consensus rating of “Hold” and an average price target of $30.78.

Rexford Industrial Realty Inc (REXR) opened at $30.58 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Rexford Industrial Realty Inc has a one year low of $21.34 and a one year high of $31.71. The stock has a market cap of $2,382.15, a P/E ratio of 32.53, a PEG ratio of 4.15 and a beta of 0.77.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $43.30 million during the quarter, compared to the consensus estimate of $41.77 million. Rexford Industrial Realty had a net margin of 23.50% and a return on equity of 3.39%. Rexford Industrial Realty’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. analysts predict that Rexford Industrial Realty Inc will post 0.96 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.145 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.58 annualized dividend and a yield of 1.90%. Rexford Industrial Realty’s dividend payout ratio (DPR) is 134.89%.

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About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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