Rexford Industrial Realty, Inc. (NYSE:REXR) Shares Purchased by Koa Wealth Management LLC

Koa Wealth Management LLC raised its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 357.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,766 shares of the real estate investment trust's stock after purchasing an additional 25,600 shares during the quarter. Koa Wealth Management LLC's holdings in Rexford Industrial Realty were worth $1,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. lifted its stake in Rexford Industrial Realty by 4.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 177,253 shares of the real estate investment trust's stock worth $6,853,000 after acquiring an additional 8,000 shares during the period. Vert Asset Management LLC increased its holdings in Rexford Industrial Realty by 9.4% during the fourth quarter. Vert Asset Management LLC now owns 97,967 shares of the real estate investment trust's stock valued at $3,787,000 after buying an additional 8,388 shares during the period. KBC Group NV lifted its holdings in Rexford Industrial Realty by 56.2% during the fourth quarter. KBC Group NV now owns 8,872 shares of the real estate investment trust's stock worth $343,000 after buying an additional 3,191 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Rexford Industrial Realty by 13.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock worth $123,000 after buying an additional 371 shares during the period. Finally, UMB Bank n.a. boosted its position in Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 280 shares in the last quarter. Institutional investors own 99.52% of the company's stock.

Rexford Industrial Realty Stock Performance

NYSE REXR traded up $0.68 on Tuesday, hitting $40.76. 1,235,106 shares of the company's stock traded hands, compared to its average volume of 1,834,861. The firm has a market capitalization of $9.06 billion, a PE ratio of 33.12, a P/E/G ratio of 2.21 and a beta of 0.95. Rexford Industrial Realty, Inc. has a 1-year low of $36.92 and a 1-year high of $53.88. The firm's 50-day moving average price is $39.90 and its two-hundred day moving average price is $45.09. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on REXR shares. StockNews.com cut Rexford Industrial Realty from a "hold" rating to a "sell" rating in a research note on Monday, October 21st. Evercore ISI restated an "outperform" rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Truist Financial reduced their price objective on shares of Rexford Industrial Realty from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a "hold" rating and a $40.00 target price for the company. Finally, Mizuho reduced their target price on Rexford Industrial Realty from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Rexford Industrial Realty has an average rating of "Hold" and a consensus price target of $49.42.

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.