157,163 Shares in Rexford Industrial Realty Inc (NYSE:REXR) Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. acquired a new position in Rexford Industrial Realty Inc (NYSE:REXR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 157,163 shares of the real estate investment trust’s stock, valued at approximately $4,632,000. D. E. Shaw & Co. Inc. owned about 0.17% of Rexford Industrial Realty as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in Rexford Industrial Realty by 6.7% in the 4th quarter. Bank of America Corp DE now owns 707,998 shares of the real estate investment trust’s stock worth $20,865,000 after acquiring an additional 44,645 shares in the last quarter. Two Sigma Investments LP grew its holdings in Rexford Industrial Realty by 38.3% during the 4th quarter. Two Sigma Investments LP now owns 203,290 shares of the real estate investment trust’s stock valued at $5,991,000 after buying an additional 56,280 shares in the last quarter. American International Group Inc. grew its holdings in Rexford Industrial Realty by 0.9% during the 4th quarter. American International Group Inc. now owns 60,771 shares of the real estate investment trust’s stock valued at $1,791,000 after buying an additional 523 shares in the last quarter. Geode Capital Management LLC grew its holdings in Rexford Industrial Realty by 15.0% during the 4th quarter. Geode Capital Management LLC now owns 1,287,227 shares of the real estate investment trust’s stock valued at $37,934,000 after buying an additional 167,696 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Rexford Industrial Realty by 4.0% during the 4th quarter. California State Teachers Retirement System now owns 144,474 shares of the real estate investment trust’s stock valued at $4,258,000 after buying an additional 5,540 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

A number of equities research analysts have issued reports on REXR shares. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Friday, December 28th. Wells Fargo & Co raised their target price on shares of Rexford Industrial Realty from $32.00 to $37.00 and gave the company a “market perform” rating in a report on Thursday, March 14th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.25.

REXR traded up $0.56 during trading on Friday, reaching $36.30. The company had a trading volume of 365,898 shares, compared to its average volume of 563,932. The company has a market cap of $3.78 billion, a PE ratio of 32.41, a P/E/G ratio of 4.21 and a beta of 0.87. Rexford Industrial Realty Inc has a 52 week low of $28.17 and a 52 week high of $37.53. The company has a quick ratio of 8.81, a current ratio of 8.81 and a debt-to-equity ratio of 0.43.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Rexford Industrial Realty had a return on equity of 2.98% and a net margin of 21.82%. The company had revenue of $56.13 million during the quarter, compared to the consensus estimate of $55.81 million. During the same period last year, the company earned $0.26 earnings per share. Rexford Industrial Realty’s revenue was up 22.6% on a year-over-year basis. As a group, research analysts anticipate that Rexford Industrial Realty Inc will post 1.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 2.04%. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 28th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 66.07%.

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About Rexford Industrial Realty

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.

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

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