Atom Investors LP Makes New $4.68 Million Investment in Rexford Industrial Realty, Inc. (NYSE:REXR)

Atom Investors LP acquired a new stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 93,015 shares of the real estate investment trust’s stock, valued at approximately $4,680,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Bamco Inc. NY raised its position in Rexford Industrial Realty by 18.4% during the third quarter. Bamco Inc. NY now owns 1,526,016 shares of the real estate investment trust’s stock valued at $76,774,000 after acquiring an additional 236,921 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at approximately $1,958,000. Verition Fund Management LLC lifted its stake in shares of Rexford Industrial Realty by 0.5% in the 3rd quarter. Verition Fund Management LLC now owns 215,695 shares of the real estate investment trust’s stock valued at $10,852,000 after purchasing an additional 1,144 shares during the period. Infrastructure Capital Advisors LLC increased its holdings in Rexford Industrial Realty by 18.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 27,927 shares of the real estate investment trust’s stock valued at $1,405,000 after buying an additional 4,436 shares in the last quarter. Finally, Isthmus Partners LLC boosted its stake in shares of Rexford Industrial Realty by 17.2% during the 3rd quarter. Isthmus Partners LLC now owns 6,418 shares of the real estate investment trust’s stock worth $323,000 after acquiring an additional 942 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Down 1.1 %

Shares of NYSE:REXR opened at $42.08 on Monday. The company has a market capitalization of $9.36 billion, a P/E ratio of 34.21, a P/E/G ratio of 1.99 and a beta of 0.94. The stock’s fifty day simple moving average is $45.27 and its 200-day simple moving average is $46.91. Rexford Industrial Realty, Inc. has a 52-week low of $41.16 and a 52-week high of $58.02. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The business had revenue of $241.84 million for the quarter, compared to analyst estimates of $235.81 million. During the same quarter last year, the business earned $0.56 EPS. Rexford Industrial Realty’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities research analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 annualized dividend and a dividend yield of 3.97%. Rexford Industrial Realty’s payout ratio is currently 135.77%.

Insider Buying and Selling

In related news, CFO Laura E. Clark sold 14,185 shares of Rexford Industrial Realty stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

REXR has been the subject of a number of recent analyst reports. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a report on Friday, October 18th. Scotiabank downgraded Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $55.00 to $48.00 in a research note on Friday, October 25th. Mizuho reduced their target price on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Wells Fargo & Company reduced their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.09.

About Rexford Industrial Realty

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.