Mutual of America Capital Management LLC Has $5.55 Million Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Mutual of America Capital Management LLC reduced its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 124,458 shares of the real estate investment trust’s stock after selling 1,114 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rexford Industrial Realty were worth $5,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in REXR. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Rexford Industrial Realty by 169.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 349 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty in the 2nd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $41,000. EverSource Wealth Advisors LLC increased its holdings in shares of Rexford Industrial Realty by 1,252.2% during the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 864 shares during the period. Finally, Advisors Asset Management Inc. raised its position in shares of Rexford Industrial Realty by 136.6% in the first quarter. Advisors Asset Management Inc. now owns 1,086 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 627 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 30,358 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $48.86, for a total value of $1,483,291.88. Following the sale, the chief executive officer now owns 50,673 shares in the company, valued at approximately $2,475,882.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Howard Schwimmer sold 30,358 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $48.86, for a total value of $1,483,291.88. Following the transaction, the chief executive officer now owns 50,673 shares in the company, valued at approximately $2,475,882.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction on Tuesday, September 10th. The stock was 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. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on REXR. Mizuho reduced their price target on 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. JPMorgan Chase & Co. boosted their price target 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. Scotiabank upped their price objective on shares of Rexford Industrial Realty from $51.00 to $55.00 and gave the stock 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. Finally, Evercore ISI upped their price target on shares of Rexford Industrial Realty from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.50.

Rexford Industrial Realty Trading Down 2.0 %

Shares of REXR stock opened at $51.16 on Friday. Rexford Industrial Realty, Inc. has a twelve month low of $41.56 and a twelve month high of $58.02. The stock’s fifty day simple moving average is $50.14 and its 200 day simple moving average is $47.70. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $11.23 billion, a P/E ratio of 46.94, a P/E/G ratio of 2.10 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.21). Rexford Industrial Realty had a net margin of 30.71% and a return on equity of 3.31%. The firm had revenue of $237.60 million during the quarter, compared to analyst estimates of $227.70 million. During the same period in the prior year, the company earned $0.54 EPS. The business’s quarterly revenue was up 21.3% compared to the same quarter last year. As a group, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.35 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.4175 dividend. This represents a $1.67 dividend on an annualized basis and a yield of 3.26%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, September 30th. Rexford Industrial Realty’s dividend payout ratio is presently 153.21%.

Rexford Industrial Realty Profile

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.