SG Americas Securities LLC Lowers Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

SG Americas Securities LLC reduced its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 58.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,768 shares of the real estate investment trust’s stock after selling 5,260 shares during the quarter. SG Americas Securities LLC’s holdings in Rexford Industrial Realty were worth $146,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of Rexford Industrial Realty by 164.3% during the third quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 447 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Rexford Industrial Realty by 111.7% during the third quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 976 shares during the last quarter. Archer Investment Corp lifted its stake in Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 800 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Rexford Industrial Realty during the third quarter worth about $129,000. Finally, International Assets Investment Management LLC increased its position in shares of Rexford Industrial Realty by 4,835.8% during the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 2,563 shares during the period. 99.52% of the stock is owned by hedge funds and other institutional investors.

Rexford Industrial Realty Price Performance

REXR stock opened at $40.34 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.30. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $53.88. The stock has a 50-day simple moving average of $39.68 and a 200-day simple moving average of $44.78. The firm has a market cap of $8.97 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a net margin of 29.10% and a return on equity of 3.26%. On average, equities analysts predict that Rexford Industrial Realty, Inc. will post 2.39 earnings per share for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 4.26%. Rexford Industrial Realty’s dividend payout ratio is 142.15%.

Analyst Upgrades and Downgrades

REXR has been the topic of a number of analyst reports. StockNews.com cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Truist Financial decreased their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft started coverage on Rexford Industrial Realty in a research report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target for the company. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Barclays decreased their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus price target of $49.42.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.