Napa Wealth Management Has $313,000 Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Napa Wealth Management increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,225 shares of the real estate investment trust’s stock after acquiring an additional 831 shares during the period. Napa Wealth Management’s holdings in Rexford Industrial Realty were worth $313,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Massmutual Trust Co. FSB ADV lifted its stake in Rexford Industrial Realty by 169.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 349 shares during the period. V Square Quantitative Management LLC bought a new position in shares of Rexford Industrial Realty during the 2nd quarter worth approximately $26,000. UMB Bank n.a. boosted its stake in Rexford Industrial Realty by 164.3% in the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 447 shares in the last quarter. Headlands Technologies LLC acquired a new position in Rexford Industrial Realty during the second quarter worth $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in Rexford Industrial Realty by 1,252.2% in the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 864 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Trading Down 0.4 %

NYSE REXR opened at $41.84 on Monday. Rexford Industrial Realty, Inc. has a 12 month low of $41.16 and a 12 month high of $58.02. The stock has a 50-day simple moving average of $46.92 and a 200 day simple moving average of $47.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $9.30 billion, a PE ratio of 34.15, a P/E/G ratio of 2.01 and a beta of 0.94.

Rexford Industrial Realty (NYSE:REXR) last posted its 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 for the quarter, compared to analyst estimates of $235.81 million. Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. Rexford Industrial Realty’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Research analysts forecast that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.4175 dividend. This represents a $1.67 annualized dividend and a yield of 3.99%. The ex-dividend date is Tuesday, December 31st. Rexford Industrial Realty’s payout ratio is presently 135.77%.

Analyst Ratings Changes

Several research analysts have recently commented on REXR shares. Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. StockNews.com lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Bank of America cut shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $66.00 to $49.00 in a research report on Monday, October 21st. Mizuho decreased their price target on shares of Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upped their price objective on Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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.