Pacer Advisors Inc. Purchases 15,549 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Pacer Advisors Inc. boosted its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,487 shares of the real estate investment trust’s stock after acquiring an additional 15,549 shares during the period. Pacer Advisors Inc. owned 0.11% of Rexford Industrial Realty worth $10,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Rexford Industrial Realty by 116.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 46,150 shares of the real estate investment trust’s stock valued at $2,589,000 after purchasing an additional 24,793 shares in the last quarter. M&G Plc purchased a new position in Rexford Industrial Realty during the first quarter worth about $33,644,000. First Financial Bank Trust Division bought a new position in Rexford Industrial Realty in the 1st quarter worth about $2,551,000. GSI Capital Advisors LLC raised its holdings in shares of Rexford Industrial Realty by 45.0% in the 4th quarter. GSI Capital Advisors LLC now owns 191,054 shares of the real estate investment trust’s stock valued at $10,718,000 after acquiring an additional 59,320 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in shares of Rexford Industrial Realty during the 1st quarter valued at about $1,671,000. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Howard Schwimmer sold 30,358 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the completion of the sale, the chief executive officer now directly owns 50,673 shares in the company, valued at $2,475,882.78. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Howard Schwimmer sold 30,358 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the completion of the transaction, the chief executive officer now owns 50,673 shares in the company, valued at $2,475,882.78. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Stock Down 2.0 %

REXR opened at $51.13 on Monday. The company has a market cap of $11.14 billion, a P/E ratio of 46.91, a P/E/G ratio of 2.10 and a beta of 0.93. Rexford Industrial Realty, Inc. has a 12 month low of $41.56 and a 12 month high of $58.02. The business’s 50-day moving average price is $50.14 and its 200-day moving average price is $47.64. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.21). The company had revenue of $237.60 million during the quarter, compared to analysts’ expectations of $227.70 million. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 30.71%. Rexford Industrial Realty’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. On average, equities analysts expect that Rexford Industrial Realty, Inc. will post 2.35 EPS for the current year.

Rexford Industrial Realty Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.4175 per share. The ex-dividend date is Monday, September 30th. This represents a $1.67 annualized dividend and a yield of 3.27%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio is presently 153.21%.

Analyst Upgrades and Downgrades

REXR has been the topic of several research analyst reports. Mizuho decreased their price objective on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Scotiabank raised their price objective on shares of Rexford Industrial Realty from $51.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. StockNews.com raised shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. increased their target price on Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Wells Fargo & Company dropped their price target on Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.50.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.