Oddo BHF Asset Management Sas Invests $10.93 Million in Rexford Industrial Realty, Inc. (NYSE:REXR)

Oddo BHF Asset Management Sas acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 217,156 shares of the real estate investment trust’s stock, valued at approximately $10,925,000. Oddo BHF Asset Management Sas owned about 0.10% of Rexford Industrial Realty at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its stake in shares of Rexford Industrial Realty by 73.9% during the 2nd quarter. CWM LLC now owns 1,485 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 631 shares during the period. SG Americas Securities LLC lifted its stake in shares of Rexford Industrial Realty by 61.4% during the 2nd quarter. SG Americas Securities LLC now owns 50,822 shares of the real estate investment trust’s stock valued at $2,266,000 after buying an additional 19,340 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Rexford Industrial Realty in the 2nd quarter worth approximately $424,000. V Square Quantitative Management LLC purchased a new position in Rexford Industrial Realty in the 2nd quarter valued at approximately $26,000. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in Rexford Industrial Realty by 28.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,380 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 1,185 shares during the period. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Trading Up 0.2 %

NYSE REXR opened at $40.40 on Friday. The stock’s 50-day simple moving average is $43.59 and its two-hundred day simple moving average is $46.63. Rexford Industrial Realty, Inc. has a twelve month low of $39.85 and a twelve month 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. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 32.76, a PEG ratio of 1.93 and a beta of 0.93.

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

Rexford Industrial Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given 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 yield of 4.13%. Rexford Industrial Realty’s payout ratio is 135.77%.

Analyst Ratings Changes

A number of equities analysts have recently commented on REXR shares. Truist Financial cut their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. StockNews.com lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. 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 objective on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Finally, Wells Fargo & Company lowered their target price on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.