Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Sold by UBS Asset Management Americas Inc.

Posted by Defense World Staff on Mar 13th, 2023

UBS Asset Management Americas Inc. reduced its position in Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 919,582 shares of the real estate investment trust’s stock after selling 97,020 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.50% of Rexford Industrial Realty worth $47,818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of REXR. CWM LLC boosted its holdings in shares of Rexford Industrial Realty by 52.8% in the third quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 190 shares during the period. Ellevest Inc. acquired a new stake in shares of Rexford Industrial Realty during the third quarter worth $37,000. Assetmark Inc. lifted its holdings in shares of Rexford Industrial Realty by 51.5% during the third quarter. Assetmark Inc. now owns 1,471 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 500 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Rexford Industrial Realty by 262.2% during the third quarter. Quadrant Capital Group LLC now owns 1,967 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 1,424 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Rexford Industrial Realty during the third quarter worth $122,000. 98.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets started coverage on Rexford Industrial Realty in a report on Monday, February 6th. They set an “outperform” rating and a $77.00 price target for the company. Wells Fargo & Company increased their price objective on Rexford Industrial Realty to $68.00 in a research report on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.33.

Rexford Industrial Realty Trading Down 4.4 %

Shares of REXR stock opened at $56.41 on Monday. Rexford Industrial Realty, Inc. has a fifty-two week low of $48.74 and a fifty-two week high of $84.68. The stock has a market cap of $11.10 billion, a P/E ratio of 61.32, a P/E/G ratio of 3.37 and a beta of 0.83. The business has a fifty day simple moving average of $60.55 and a 200-day simple moving average of $57.38. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.29.

Rexford Industrial Realty Increases Dividend

The company 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 $0.38 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from Rexford Industrial Realty’s previous quarterly dividend of $0.32. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 136.96%.

Rexford Industrial Realty Company Profile

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Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust. It 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.