23,800 Shares in Rexford Industrial Realty Inc (NYSE:REXR) Purchased by Menta Capital LLC

Share on StockTwits

Menta Capital LLC acquired a new position in shares of Rexford Industrial Realty Inc (NYSE:REXR) in the 2nd quarter, HoldingsChannel reports. The firm acquired 23,800 shares of the real estate investment trust’s stock, valued at approximately $961,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC acquired a new stake in Rexford Industrial Realty during the first quarter worth about $60,000. Quadrant Capital Group LLC acquired a new stake in Rexford Industrial Realty during the first quarter worth about $69,000. Whittier Trust Co. increased its position in Rexford Industrial Realty by 96.5% during the second quarter. Whittier Trust Co. now owns 2,335 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 1,147 shares during the last quarter. NEXT Financial Group Inc increased its position in Rexford Industrial Realty by 58.3% during the second quarter. NEXT Financial Group Inc now owns 2,483 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 914 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Rexford Industrial Realty by 289.0% during the first quarter. Nisa Investment Advisors LLC now owns 5,835 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 4,335 shares during the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

REXR stock traded up $0.10 during mid-day trading on Tuesday, hitting $43.39. 208,823 shares of the company were exchanged, compared to its average volume of 691,377. The company has a quick ratio of 7.17, a current ratio of 7.17 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $4.75 billion, a P/E ratio of 38.74, a PEG ratio of 4.89 and a beta of 0.83. The business has a fifty day simple moving average of $42.08 and a 200-day simple moving average of $38.37. Rexford Industrial Realty Inc has a 12-month low of $28.17 and a 12-month high of $44.03.

Rexford Industrial Realty (NYSE:REXR) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.17). The company had revenue of $63.60 million for the quarter, compared to analysts’ expectations of $63.33 million. Rexford Industrial Realty had a return on equity of 2.63% and a net margin of 21.02%. The company’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. Research analysts predict that Rexford Industrial Realty Inc will post 1.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, September 27th. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 66.07%.

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Rexford Industrial Realty from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Rexford Industrial Realty presently has an average rating of “Hold” and a consensus target price of $42.67.

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 23,600 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $41.70, for a total transaction of $984,120.00. Following the completion of the transaction, the chief executive officer now owns 68,958 shares of the company’s stock, valued at $2,875,548.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

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.

Recommended Story: What is an overbought condition?

Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty Inc (NYSE:REXR).

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

Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.