Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 740.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,469 shares of the real estate investment trust’s stock after buying an additional 116,715 shares during the period. Squarepoint Ops LLC owned 0.06% of Rexford Industrial Realty worth $5,907,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Masterton Capital Management LP boosted its holdings in shares of Rexford Industrial Realty by 417.6% during the 2nd quarter. Masterton Capital Management LP now owns 302,774 shares of the real estate investment trust’s stock worth $13,501,000 after purchasing an additional 244,274 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Rexford Industrial Realty in the 2nd quarter worth $315,000. Bank of Montreal Can raised its holdings in shares of Rexford Industrial Realty by 5.4% during the 2nd quarter. Bank of Montreal Can now owns 68,812 shares of the real estate investment trust’s stock worth $3,069,000 after acquiring an additional 3,551 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Rexford Industrial Realty during the 2nd quarter valued at about $213,000. Finally, Westwood Holdings Group Inc. grew its holdings in shares of Rexford Industrial Realty by 21.3% in the second quarter. Westwood Holdings Group Inc. now owns 417,009 shares of the real estate investment trust’s stock valued at $18,594,000 after purchasing an additional 73,152 shares during the period. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

REXR has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Mizuho lowered their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. StockNews.com upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research report on Monday, July 22nd. Evercore ISI increased their price target on Rexford Industrial Realty from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Finally, Scotiabank boosted 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 report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $52.50.

Rexford Industrial Realty Stock Down 0.1 %

Shares of REXR opened at $50.51 on Monday. The company’s 50-day simple moving average is $50.32 and its 200-day simple moving average is $47.63. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 1.73. Rexford Industrial Realty, Inc. has a 1 year low of $41.56 and a 1 year high of $58.02. The stock has a market capitalization of $11.09 billion, a PE ratio of 46.34, a P/E/G ratio of 2.13 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, July 17th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.21). The business had revenue of $237.60 million during the quarter, compared to analysts’ expectations of $227.70 million. Rexford Industrial Realty had a net margin of 30.71% and a return on equity of 3.31%. The business’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 EPS. Analysts forecast that Rexford Industrial Realty, Inc. will post 2.35 earnings per share 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. Stockholders of record on Monday, September 30th will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 153.21%.

Insider Transactions at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction dated 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 sale, the chief executive officer now directly owns 50,673 shares of the company’s stock, valued at approximately $2,475,882.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Howard Schwimmer sold 30,358 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 50,673 shares of the company’s stock, valued at $2,475,882.78. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Company 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.