Rexford Industrial Realty Inc (REXR) Stake Raised by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC grew its stake in Rexford Industrial Realty Inc (NYSE:REXR) by 10.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,874 shares of the real estate investment trust’s stock after purchasing an additional 3,583 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Rexford Industrial Realty were worth $1,220,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. KBC Group NV raised its stake in shares of Rexford Industrial Realty by 4.9% in the 1st quarter. KBC Group NV now owns 38,011 shares of the real estate investment trust’s stock valued at $1,094,000 after purchasing an additional 1,781 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Rexford Industrial Realty by 6.6% during the second quarter. Metropolitan Life Insurance Co. NY now owns 30,492 shares of the real estate investment trust’s stock worth $957,000 after acquiring an additional 1,898 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Rexford Industrial Realty by 104.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,230 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 2,158 shares during the period. Navellier & Associates Inc raised its stake in Rexford Industrial Realty by 2.7% during the second quarter. Navellier & Associates Inc now owns 83,248 shares of the real estate investment trust’s stock worth $2,613,000 after acquiring an additional 2,221 shares during the period. Finally, Xact Kapitalforvaltning AB raised its stake in Rexford Industrial Realty by 23.9% during the second quarter. Xact Kapitalforvaltning AB now owns 14,002 shares of the real estate investment trust’s stock worth $440,000 after acquiring an additional 2,700 shares during the period. Institutional investors and hedge funds own 99.35% of the company’s stock.

In other Rexford Industrial Realty news, Director Richard S. Ziman sold 102,043 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $31.32, for a total value of $3,195,986.76. Following the completion of the transaction, the director now owns 64,918 shares in the company, valued at approximately $2,033,231.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

REXR opened at $31.86 on Wednesday. The stock has a market cap of $2.92 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 3.71 and a beta of 0.66. Rexford Industrial Realty Inc has a fifty-two week low of $26.32 and a fifty-two week high of $32.91. The company has a current ratio of 8.47, a quick ratio of 8.47 and a debt-to-equity ratio of 0.48.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.20). Rexford Industrial Realty had a return on equity of 2.93% and a net margin of 20.19%. The firm had revenue of $51.76 million during the quarter, compared to the consensus estimate of $49.60 million. sell-side analysts predict that Rexford Industrial Realty Inc will post 1.08 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, September 27th. Rexford Industrial Realty’s dividend payout ratio (DPR) is 66.67%.

Several equities research analysts recently weighed in on the stock. TheStreet lowered shares of Rexford Industrial Realty from a “b” rating to a “c+” rating in a research note on Wednesday, August 1st. Capital One Financial upgraded shares of Rexford Industrial Realty from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, August 1st. Zacks Investment Research lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Finally, DA Davidson lowered shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $35.00 in a research note on Friday, June 29th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $32.38.

Rexford Industrial Realty Company Profile

Rexford Industrial is a real estate investment trust focused on owning and operating industrial properties in Southern California infill markets. The Company owns 166 properties with approximately 20.3 million rentable square feet and manages an 20 properties with approximately 1.2 million rentable square feet.

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

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