First Financial Bank Trust Division Has $1.98 Million Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

First Financial Bank Trust Division trimmed its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,315 shares of the real estate investment trust’s stock after selling 1,748 shares during the period. First Financial Bank Trust Division’s holdings in Rexford Industrial Realty were worth $1,984,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fulton Bank N.A. grew its stake in shares of Rexford Industrial Realty by 4.7% in the third quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust’s stock valued at $253,000 after buying an additional 224 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of Rexford Industrial Realty by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 296 shares during the period. Victory Capital Management Inc. increased its stake in shares of Rexford Industrial Realty by 0.8% during the 2nd quarter. Victory Capital Management Inc. now owns 46,066 shares of the real estate investment trust’s stock worth $2,054,000 after purchasing an additional 345 shares during the last quarter. Naviter Wealth LLC raised its holdings in shares of Rexford Industrial Realty by 2.6% in the 3rd quarter. Naviter Wealth LLC now owns 14,907 shares of the real estate investment trust’s stock valued at $756,000 after purchasing an additional 382 shares during the period. Finally, M&T Bank Corp lifted its stake in Rexford Industrial Realty by 1.5% in the 3rd quarter. M&T Bank Corp now owns 29,225 shares of the real estate investment trust’s stock valued at $1,470,000 after purchasing an additional 442 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock traded down $0.24 during midday trading on Thursday, hitting $38.42. The company’s stock had a trading volume of 1,421,485 shares, compared to its average volume of 1,757,747. The company has a 50-day moving average price of $41.40 and a two-hundred day moving average price of $46.09. Rexford Industrial Realty, Inc. has a 1-year low of $37.67 and a 1-year high of $56.87. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 31.24, a PEG ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results 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). The company had revenue of $241.84 million during 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 company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. As a group, sell-side analysts predict that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current year.

Rexford Industrial Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.4175 per share. This represents a $1.67 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Rexford Industrial Realty’s dividend payout ratio (DPR) is currently 135.77%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on REXR shares. StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Truist Financial decreased their target price on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Mizuho reduced their price objective on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Industrial Alliance Securities set a $55.00 price objective on shares of Rexford Industrial Realty in a report on Friday, October 18th. Finally, Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty 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.