Squarepoint Ops LLC lessened its stake in shares of Rexford Industrial Realty Inc (NYSE:REXR) by 20.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 110,265 shares of the real estate investment trust’s stock after selling 28,490 shares during the period. Squarepoint Ops LLC’s holdings in Rexford Industrial Realty were worth $4,854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in Rexford Industrial Realty in the second quarter valued at approximately $36,000. New York State Teachers Retirement System bought a new position in shares of Rexford Industrial Realty in the third quarter valued at $40,000. Whittier Trust Co. grew its stake in shares of Rexford Industrial Realty by 96.5% in the second quarter. Whittier Trust Co. now owns 2,335 shares of the real estate investment trust’s stock valued at $94,000 after buying an additional 1,147 shares in the last quarter. NEXT Financial Group Inc increased its holdings in Rexford Industrial Realty by 58.3% during the second quarter. NEXT Financial Group Inc now owns 2,483 shares of the real estate investment trust’s stock worth $100,000 after buying an additional 914 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new position in Rexford Industrial Realty during the second quarter worth $124,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

REXR opened at $48.20 on Wednesday. Rexford Industrial Realty Inc has a 12-month low of $28.17 and a 12-month high of $48.80. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 43.04, a PEG ratio of 5.57 and a beta of 0.77. The business has a 50 day moving average of $46.90 and a 200-day moving average of $43.07. The company has a quick ratio of 5.82, a current ratio of 5.82 and a debt-to-equity ratio of 0.38.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.01. The company had revenue of $68.06 million during the quarter, compared to the consensus estimate of $67.50 million. Rexford Industrial Realty had a return on equity of 2.61% and a net margin of 21.32%. The firm’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. As a group, analysts expect that Rexford Industrial Realty Inc will post 1.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a yield of 1.54%. The ex-dividend date is Monday, December 30th. Rexford Industrial Realty’s dividend payout ratio is 66.07%.

A number of brokerages have commented on REXR. ValuEngine cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Rexford Industrial Realty from $43.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Citigroup upped their target price on shares of Rexford Industrial Realty from $42.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.40.

In related news, CFO Adeel Khan sold 49,721 shares of Rexford Industrial Realty stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $46.01, for a total transaction of $2,287,663.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Frankel sold 35,463 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $47.97, for a total transaction of $1,701,160.11. Following the completion of the transaction, the chief executive officer now owns 71,834 shares in the company, valued at approximately $3,445,876.98. The disclosure for this sale can be found here. Insiders have sold a total of 97,720 shares of company stock valued at $4,583,782 in the last ninety days. Insiders own 1.70% of the company’s stock.

Rexford Industrial Realty Profile

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 179 properties with approximately 22.1 million rentable square feet and manages an additional 20 properties with approximately 1.2 million rentable square feet.

Read More: Closed-End Mutual Funds (CEFs)

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Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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