Metropolitan Life Insurance Co. NY Has $1.01 Million Holdings in Rexford Industrial Realty Inc (REXR)

Metropolitan Life Insurance Co. NY boosted its holdings in Rexford Industrial Realty Inc (NYSE:REXR) by 202.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,340 shares of the real estate investment trust’s stock after buying an additional 22,970 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Rexford Industrial Realty were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of Rexford Industrial Realty by 115.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,617,974 shares of the real estate investment trust’s stock valued at $83,671,000 after acquiring an additional 1,400,758 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Rexford Industrial Realty by 9.9% in the 3rd quarter. Vanguard Group Inc now owns 12,569,018 shares of the real estate investment trust’s stock valued at $401,706,000 after acquiring an additional 1,128,837 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 9.9% in the 3rd quarter. Vanguard Group Inc. now owns 12,569,018 shares of the real estate investment trust’s stock valued at $401,706,000 after acquiring an additional 1,128,837 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Rexford Industrial Realty by 10.1% in the 3rd quarter. BlackRock Inc. now owns 10,091,858 shares of the real estate investment trust’s stock valued at $322,535,000 after acquiring an additional 927,462 shares during the last quarter. Finally, Eaton Vance Management lifted its holdings in shares of Rexford Industrial Realty by 2,565.1% in the 3rd quarter. Eaton Vance Management now owns 478,353 shares of the real estate investment trust’s stock valued at $15,288,000 after acquiring an additional 460,404 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

REXR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Rexford Industrial Realty from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Friday, December 28th. Wells Fargo & Co raised their price objective on shares of Rexford Industrial Realty from $32.00 to $37.00 and gave the stock a “market perform” rating in a research note 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 company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.25.

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

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

The business 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. The ex-dividend date of this dividend was Thursday, March 28th. This is a positive change from Rexford Industrial Realty’s previous quarterly dividend of $0.16. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.04%. 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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