Profund Advisors LLC grew its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) by 9.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,781 shares of the real estate investment trust’s stock after acquiring an additional 773 shares during the period. Profund Advisors LLC’s holdings in Rexford Industrial Realty were worth $480,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can boosted its holdings in Rexford Industrial Realty by 14.9% in the fourth quarter. Bank of Montreal Can now owns 64,841 shares of the real estate investment trust’s stock worth $3,562,000 after purchasing an additional 8,414 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Rexford Industrial Realty by 15.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 457,286 shares of the real estate investment trust’s stock worth $24,986,000 after purchasing an additional 59,703 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Rexford Industrial Realty by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,636 shares of the real estate investment trust’s stock worth $3,259,000 after purchasing an additional 6,697 shares in the last quarter. New Mexico Educational Retirement Board boosted its holdings in Rexford Industrial Realty by 12.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 29,100 shares of the real estate investment trust’s stock worth $1,590,000 after purchasing an additional 3,200 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Rexford Industrial Realty by 134.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 91,353 shares of the real estate investment trust’s stock worth $5,021,000 after purchasing an additional 52,417 shares in the last quarter. 98.77% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
REXR has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets initiated coverage on shares of Rexford Industrial Realty in a report on Monday, February 6th. They set an “outperform” rating and a $77.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.33.
Rexford Industrial Realty Stock Up 1.2 %
Rexford Industrial Realty Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, June 29th. Rexford Industrial Realty’s dividend payout ratio is currently 160.00%.
Insider Activity
In other news, General Counsel David E. Lanzer sold 16,778 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $58.16, for a total transaction of $975,808.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by company insiders.
Rexford Industrial Realty Profile
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.
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