Graham Capital Wealth Management LLC Acquires New Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Graham Capital Wealth Management LLC acquired a new stake in Rexford Industrial Realty, Inc. (NYSE:REXR) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 44,029 shares of the real estate investment trust’s stock, valued at approximately $2,215,000. Rexford Industrial Realty accounts for about 2.3% of Graham Capital Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding.

Several other institutional investors and hedge funds have also modified their holdings of REXR. Vanguard Group Inc. lifted its stake in Rexford Industrial Realty by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 29,734,952 shares of the real estate investment trust’s stock valued at $1,495,668,000 after acquiring an additional 753,098 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Rexford Industrial Realty by 26.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,933,431 shares of the real estate investment trust’s stock valued at $1,002,654,000 after acquiring an additional 4,197,907 shares in the last quarter. Capital International Investors lifted its stake in Rexford Industrial Realty by 687.7% in the 1st quarter. Capital International Investors now owns 19,590,676 shares of the real estate investment trust’s stock valued at $985,411,000 after acquiring an additional 17,103,653 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Rexford Industrial Realty by 1.1% in the 1st quarter. Centersquare Investment Management LLC now owns 3,938,026 shares of the real estate investment trust’s stock valued at $198,083,000 after acquiring an additional 42,632 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Rexford Industrial Realty by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,694 shares of the real estate investment trust’s stock valued at $148,337,000 after acquiring an additional 200,027 shares in the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Performance

NYSE REXR traded down $1.23 on Friday, reaching $43.35. The stock had a trading volume of 1,849,382 shares, compared to its average volume of 1,717,407. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.73. The firm has a fifty day moving average of $49.36 and a two-hundred day moving average of $47.18. Rexford Industrial Realty, Inc. has a 1-year low of $41.56 and a 1-year high of $58.02. The company has a market cap of $9.44 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 2.13 and a beta of 0.93.

Rexford Industrial Realty (NYSE:REXR) last issued its quarterly earnings data 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 net margin of 30.40% and a return on equity of 3.35%. The firm had revenue of $241.84 million during the quarter, compared to analyst estimates of $235.81 million. During the same period in the prior year, the company earned $0.56 earnings per share. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts anticipate that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Rexford Industrial Realty Announces Dividend

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

Insider Transactions at Rexford Industrial Realty

In other news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $50.15, for a total transaction of $711,377.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on REXR. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $66.00 to $49.00 in a research note on Monday, October 21st. Wells Fargo & Company dropped their price objective on Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 28th. Mizuho dropped their price objective on 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. increased their price target on Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.45.

Rexford Industrial Realty 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.