Ameriprise Financial Inc. Takes Position in Rexford Industrial Realty Inc (REXR)

Ameriprise Financial Inc. bought a new stake in Rexford Industrial Realty Inc (NASDAQ:REXR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 108,676 shares of the company’s stock, valued at approximately $2,982,000. Ameriprise Financial Inc. owned about 0.15% of Rexford Industrial Realty at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Rexford Industrial Realty by 1.9% in the second quarter. Victory Capital Management Inc. now owns 3,743 shares of the company’s stock valued at $103,000 after acquiring an additional 71 shares during the last quarter. GAM Holding AG raised its stake in shares of Rexford Industrial Realty by 7.5% in the second quarter. GAM Holding AG now owns 5,712 shares of the company’s stock valued at $157,000 after acquiring an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rexford Industrial Realty by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,758 shares of the company’s stock valued at $131,000 after acquiring an additional 469 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Rexford Industrial Realty by 0.9% in the first quarter. Public Employees Retirement System of Ohio now owns 74,342 shares of the company’s stock valued at $1,674,000 after acquiring an additional 649 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Rexford Industrial Realty by 13.2% in the second quarter. Daiwa Securities Group Inc. now owns 6,000 shares of the company’s stock valued at $165,000 after acquiring an additional 700 shares during the last quarter.

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Rexford Industrial Realty Inc (NASDAQ REXR) opened at 29.74 on Monday. The company has a market cap of $2.11 billion and a PE ratio of 63.68. Rexford Industrial Realty Inc has a 52-week low of $20.05 and a 52-week high of $30.66. The company has a 50-day moving average of $29.70 and a 200 day moving average of $27.86.

Rexford Industrial Realty (NASDAQ:REXR) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $36.78 million for the quarter, compared to analyst estimates of $36.75 million. Rexford Industrial Realty had a net margin of 53.98% and a return on equity of 7.84%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. Equities research analysts predict that Rexford Industrial Realty Inc will post $0.36 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 28th.

A number of research analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. FBR & Co assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, July 11th. They issued a “mkt perform” rating and a $26.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and issued a $33.00 target price (up previously from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, September 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Rexford Industrial Realty in a research note on Tuesday, July 25th. Finally, BidaskClub cut shares of Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Rexford Industrial Realty has a consensus rating of “Hold” and an average target price of $30.56.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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

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