Legacy Wealth Asset Management LLC Purchases 2,731 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Legacy Wealth Asset Management LLC increased its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 29.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,994 shares of the real estate investment trust’s stock after purchasing an additional 2,731 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Rexford Industrial Realty were worth $603,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of REXR. Massmutual Trust Co. FSB ADV raised its position in Rexford Industrial Realty by 169.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 349 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Rexford Industrial Realty during the second quarter valued at $26,000. UMB Bank n.a. grew its holdings in Rexford Industrial Realty by 164.3% during the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 447 shares during the period. Headlands Technologies LLC bought a new position in shares of Rexford Industrial Realty in the 2nd quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Rexford Industrial Realty by 1,252.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 864 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Insider Buying and Selling

In other Rexford Industrial Realty news, CFO Laura E. Clark sold 14,185 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

Rexford Industrial Realty Stock Down 2.8 %

Shares of NYSE REXR opened at $43.35 on Friday. The business has a 50-day moving average of $49.36 and a 200-day moving average of $47.20. The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.13 and a beta of 0.93. The company has a current ratio of 1.20, a quick ratio of 1.73 and a debt-to-equity ratio of 0.40. Rexford Industrial Realty, Inc. has a 12 month low of $41.56 and a 12 month high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.28). Rexford Industrial Realty had a return on equity of 3.35% and a net margin of 30.40%. The company had revenue of $241.84 million during the quarter, compared to the consensus estimate of $235.81 million. During the same period in the previous year, the company earned $0.56 EPS. Rexford Industrial Realty’s quarterly revenue was up 17.7% on a year-over-year basis. Sell-side analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.4175 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.85%. Rexford Industrial Realty’s dividend payout ratio is presently 153.21%.

Analyst Upgrades and Downgrades

REXR has been the topic of several research reports. Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a report on Friday, October 18th. Mizuho reduced their price objective on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, StockNews.com downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $51.45.

Rexford Industrial Realty Company Profile

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.