The fund now owns 47,810 shares after purchasing an additional 1,900 during the last quarter. Utah Retirement Systems's holdings in Rexford Industrial Realty valued $2,612,000 as of the latest reporting period.
Other hedge funds and institutional investors also purchased and sold REXR shares. Raymond James Financial Services Advisors Inc. increased its holdings of Rexford Industrial Realty during the first quarter by 139.7%. Raymond James Financial Services Advisors Inc. owns 7,339 of the real estate trust's shares worth $547,000, after purchasing an additional 4,277 during the period. Natixis Advisors L.P. purchased a new Rexford Industrial Realty position during the first quarter, worth approximately $882,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings of Rexford Industrial Realty during the first quarter by 37.5%. Healthcare of Ontario Pension Plan Trust Fund owns now 14,575 shares of real estate investment trust stock valued at $1,087,000. This is after purchasing an additional 3,978 during the period. Vanguard Group Inc. increased its holdings of Rexford Industrial Realty during the first quarter. Vanguard Group Inc. owns 22,698,814 of the real estate trust's shares worth $1,693,104,000, after purchasing an additional 1,587612 shares. Mackenzie Financial Corp also acquired a position in Rexford Industrial Realty worth approximately $1157,000 during the first quarter. Several brokerages recently published reports on REXR. Rexford Industrial Realty was downgraded from a "hold" rating to a "sell" rating in a note of research on Saturday, the 27th. Citigroup, in a Monday research note, downgraded Rexford Industrial Realty's rating from 'buy to neutral'. Three analysts have given the stock a hold, two have given it a buy and one has given it a sell. MarketBeat.com data shows that the consensus rating for the stock is 'Hold' with a consensus price target of $65.83.
Rexford Industrial Realty stock down 0.8 %
During Monday's midday trading, the stock fell $0.39 to $50.99. The stock traded 2,686,859 more shares than its average of 1,510203. Rexford Industrial Realty, Inc.'s low for the past 12 months is $48.74, and its high for that period is $68.68. The market capitalization for the company is $10.24 billion. It has a P/E of 53.67 and a PEG of 2.22. The company's fifty-day moving average is $55.13; its two hundred day moving median price is $57.17. The company's current ratio is 2.57, its quick ratio is 2.57, and it has a debt to equity ratio of 0.30.
Rexford Industrial Realty Announces Dividend
A quarterly dividend was also announced by the company, and will be paid out on Monday, 17th July. Dividends will be paid to shareholders who were in the record books on Friday June 30th. The dividend is $0.38. Annualized, this is a dividend of $1.52 and a yield 2.98%. This dividend will be paid on Thursday, 29th June. Rexford Industrial Realty has a dividend payout ratio of 160.00%.
Insiders Bet on the Future
Rexford Industrial Realty General Counsel David E. Lanzer has sold 16,778 of its shares in a deal that took place on March 14th. Stock was sold for $975,808.48 at a price of $58.16 on average. The company sold 35,505 of its shares in a deal that took place on Friday, 28th April. Stock was sold for an average price $55.94 and a total of $1,986,149.70. The chief executive now owns 50862 shares, worth $2,845,220.28, of the company stock. David E. Lanzer, the General Counsel of the Company, sold 16,778 stock shares in a deal that took place on Tuesday, 14th March. The shares were purchased at an average of $58.16, resulting in a total of $975.808.48. Insiders control 1.10% the stock of the company.
Rexford Industrial Realty Company profile
Rexford Industrial creates wealth by investing, operating, and redeveloping properties in Southern California. This is the fourth largest industrial market in the world and the major market with the lowest supply and highest demand in the country. Through its unique value creation and asset-management capabilities, the Company's strategy allows for both internal and external growth.
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