Toronto Dominion Bank Boosts Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Toronto Dominion Bank grew its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,135 shares of the real estate investment trust’s stock after buying an additional 845 shares during the quarter. Toronto Dominion Bank’s holdings in Rexford Industrial Realty were worth $943,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in REXR. California Public Employees Retirement System boosted its position in Rexford Industrial Realty by 33.4% during the 3rd quarter. California Public Employees Retirement System now owns 399,236 shares of the real estate investment trust’s stock worth $20,760,000 after purchasing an additional 99,989 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Rexford Industrial Realty in the third quarter worth about $122,000. IFP Advisors Inc grew its stake in shares of Rexford Industrial Realty by 11.0% in the third quarter. IFP Advisors Inc now owns 5,378 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 534 shares in the last quarter. Cambria Investment Management L.P. raised its holdings in shares of Rexford Industrial Realty by 53.8% during the 3rd quarter. Cambria Investment Management L.P. now owns 6,000 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 2,100 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of Rexford Industrial Realty by 4.5% during the 3rd quarter. Fisher Asset Management LLC now owns 97,196 shares of the real estate investment trust’s stock valued at $5,054,000 after buying an additional 4,155 shares during the period. Institutional investors and hedge funds own 98.77% of the company’s stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on REXR. Wells Fargo & Company increased their price objective on shares of Rexford Industrial Realty to $68.00 in a research report on Wednesday, December 14th. Robert W. Baird dropped their price target on shares of Rexford Industrial Realty from $77.00 to $71.00 in a research note on Monday, October 24th. Finally, BMO Capital Markets initiated coverage on shares of Rexford Industrial Realty in a research report on Monday, February 6th. They issued an “outperform” rating and a $77.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Rexford Industrial Realty presently has an average rating of “Hold” and an average price target of $69.33.

Rexford Industrial Realty Trading Down 0.5 %

REXR opened at $62.67 on Wednesday. The stock has a market capitalization of $11.50 billion, a PE ratio of 68.12, a P/E/G ratio of 3.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.53 and a quick ratio of 0.44. Rexford Industrial Realty, Inc. has a 12-month low of $48.74 and a 12-month high of $84.68. The firm’s fifty day moving average price is $58.34 and its 200 day moving average price is $58.07.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a dividend of $0.38 per share. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.43%. Rexford Industrial Realty’s dividend payout ratio (DPR) is presently 136.96%.

Rexford Industrial Realty Profile

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

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