Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 172.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,501 shares of the real estate investment trust’s stock after acquiring an additional 76,266 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of Rexford Industrial Realty worth $4,659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock valued at $226,575,000 after acquiring an additional 954,202 shares during the last quarter. Geode Capital Management LLC lifted its stake in Rexford Industrial Realty by 1.9% during the third quarter. Geode Capital Management LLC now owns 4,074,044 shares of the real estate investment trust’s stock valued at $205,014,000 after buying an additional 74,865 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Rexford Industrial Realty by 14.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,339,219 shares of the real estate investment trust’s stock valued at $167,996,000 after buying an additional 431,659 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Rexford Industrial Realty by 3.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,782,904 shares of the real estate investment trust’s stock valued at $107,587,000 after buying an additional 93,360 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Rexford Industrial Realty by 1.9% during the third quarter. Wellington Management Group LLP now owns 2,265,637 shares of the real estate investment trust’s stock valued at $113,984,000 after buying an additional 42,450 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Trading Up 3.1 %

NYSE:REXR opened at $39.98 on Monday. The stock’s 50 day moving average price is $40.06 and its 200 day moving average price is $43.09. Rexford Industrial Realty, Inc. has a 52 week low of $36.92 and a 52 week high of $52.61. The company has a market capitalization of $9.11 billion, a P/E ratio of 33.04, a P/E/G ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.30 and a current ratio of 1.30.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Rexford Industrial Realty had a return on equity of 3.26% and a net margin of 29.10%. On average, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current fiscal year.

Rexford Industrial Realty Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Rexford Industrial Realty’s previous quarterly dividend of $0.42. Rexford Industrial Realty’s dividend payout ratio (DPR) is 142.15%.

Analysts Set New Price Targets

A number of analysts have commented on REXR shares. Mizuho reduced their price objective on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank reduced their price objective on shares of Rexford Industrial Realty from $48.00 to $47.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective for the company. JPMorgan Chase & Co. reduced their price objective on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, Barclays dropped their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.50.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.