Pacer Advisors Inc. lowered its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,557 shares of the real estate investment trust's stock after selling 20,822 shares during the period. Pacer Advisors Inc. owned about 0.09% of Rexford Industrial Realty worth $7,985,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Fulton Bank N.A. boosted its holdings in Rexford Industrial Realty by 4.7% in the third quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust's stock worth $253,000 after acquiring an additional 224 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of 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 purchasing an additional 280 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Rexford Industrial Realty by 4.8% during the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust's stock worth $325,000 after acquiring an additional 296 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 371 shares in the last quarter. Finally, Naviter Wealth LLC raised its position in Rexford Industrial Realty by 2.6% during the third quarter. Naviter Wealth LLC now owns 14,907 shares of the real estate investment trust's stock worth $756,000 after acquiring an additional 382 shares during the period. Hedge funds and other institutional investors own 99.52% of the company's stock.
Analyst Ratings Changes
REXR has been the topic of several analyst reports. Industrial Alliance Securities set a $55.00 price target on shares of Rexford Industrial Realty in a research report on Friday, October 18th. StockNews.com downgraded shares of Rexford Industrial Realty from a "hold" rating to a "sell" rating in a report on Monday, October 21st. Barclays reduced their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Monday, January 13th. Mizuho cut their price objective 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. Finally, Evercore ISI restated an "outperform" rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $49.42.
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Rexford Industrial Realty Trading Up 0.7 %
REXR stock traded up $0.26 during midday trading on Thursday, hitting $40.68. 1,241,566 shares of the company's stock were exchanged, compared to its average volume of 1,856,504. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $9.05 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. The stock's fifty day moving average price is $39.95 and its 200-day moving average price is $45.25. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $54.60.
Rexford Industrial Realty Profile
(
Free Report)
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.
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