SG Americas Securities LLC Purchases New Position in Rexford Industrial Realty Inc (REXR)

SG Americas Securities LLC purchased a new position in shares of Rexford Industrial Realty Inc (NASDAQ:REXR) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 5,051 shares of the company’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also modified their holdings of REXR. Renaissance Technologies LLC increased its position in shares of Rexford Industrial Realty by 276.2% in the fourth quarter. Renaissance Technologies LLC now owns 168,900 shares of the company’s stock worth $3,917,000 after buying an additional 124,000 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Rexford Industrial Realty by 8.5% in the first quarter. Russell Investments Group Ltd. now owns 1,029,288 shares of the company’s stock worth $23,169,000 after buying an additional 80,389 shares in the last quarter. Honeywell International Inc. acquired a new position in shares of Rexford Industrial Realty during the first quarter worth approximately $1,603,000. Dimensional Fund Advisors LP increased its position in shares of Rexford Industrial Realty by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 750,395 shares of the company’s stock worth $17,401,000 after buying an additional 61,389 shares in the last quarter. Finally, State Street Corp increased its position in shares of Rexford Industrial Realty by 2.4% in the fourth quarter. State Street Corp now owns 2,117,820 shares of the company’s stock worth $49,111,000 after buying an additional 49,242 shares in the last quarter.

Rexford Industrial Realty Inc (NASDAQ:REXR) opened at 27.58 on Monday. The company has a 50-day moving average price of $27.08 and a 200-day moving average price of $24.26. Rexford Industrial Realty Inc has a one year low of $20.05 and a one year high of $28.37. The stock has a market cap of $1.83 billion and a P/E ratio of 70.90.

Rexford Industrial Realty (NASDAQ:REXR) last issued its quarterly earnings results on Wednesday, May 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $35.35 million for the quarter, compared to the consensus estimate of $35.53 million. Rexford Industrial Realty had a return on equity of 1.96% and a net margin of 16.18%. The firm’s revenue was up 28.5% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. On average, analysts anticipate that Rexford Industrial Realty Inc will post $0.20 earnings per share for the current year.

The firm also recently declared a dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.367 dividend. The ex-dividend date was Tuesday, June 13th.

TRADEMARK VIOLATION WARNING: This report was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2017/07/17/sg-americas-securities-llc-purchases-new-position-in-rexford-industrial-realty-inc-rexr.html.

REXR has been the subject of a number of analyst reports. Zacks Investment Research raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Jefferies Group LLC reissued a “buy” rating and issued a $26.00 price target on shares of Rexford Industrial Realty in a report on Monday, March 20th. National Securities reissued a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a report on Thursday, May 11th. Stifel Nicolaus reissued a “buy” rating and issued a $30.00 price target (up previously from $27.50) on shares of Rexford Industrial Realty in a report on Wednesday, June 14th. Finally, Wunderlich reissued a “hold” rating and issued a $24.00 price target (up previously from $22.00) on shares of Rexford Industrial Realty in a report on Tuesday, May 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Rexford Industrial Realty has a consensus rating of “Buy” and an average target price of $27.71.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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

Receive News & Ratings for Rexford Industrial Realty Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply