Rexford Industrial Realty, Inc. (NYSE:REXR) is Presima Securities ULC’s 8th Largest Position

Presima Securities ULC lessened its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,238 shares of the real estate investment trust’s stock after selling 252 shares during the quarter. Rexford Industrial Realty makes up 4.7% of Presima Securities ULC’s investment portfolio, making the stock its 8th largest holding. Presima Securities ULC’s holdings in Rexford Industrial Realty were worth $21,192,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Rexford Industrial Realty by 20.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 943,539 shares of the real estate investment trust’s stock valued at $52,933,000 after acquiring an additional 158,431 shares during the last quarter. Vanguard Group Inc. raised its holdings in Rexford Industrial Realty by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 28,981,854 shares of the real estate investment trust’s stock valued at $1,625,882,000 after buying an additional 1,235,894 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Rexford Industrial Realty by 63.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,797 shares of the real estate investment trust’s stock worth $718,000 after buying an additional 4,954 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth about $1,312,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Rexford Industrial Realty by 2.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 9,165 shares of the real estate investment trust’s stock valued at $461,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Ratings Changes

REXR has been the subject of a number of recent analyst reports. Mizuho decreased their target price on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Scotiabank upped their price objective on shares of Rexford Industrial Realty from $51.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Monday, August 26th. Evercore ISI lifted their target price on shares of Rexford Industrial Realty from $57.00 to $58.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JPMorgan Chase & Co. upped their price target on shares of Rexford Industrial Realty from $47.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded Rexford Industrial Realty from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $52.50.

Rexford Industrial Realty Stock Up 3.5 %

REXR opened at $49.42 on Thursday. The company has a market capitalization of $10.76 billion, a P/E ratio of 45.34, a P/E/G ratio of 1.93 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 1.73. The firm’s fifty day moving average price is $50.07 and its two-hundred day moving average price is $47.38. Rexford Industrial Realty, Inc. has a fifty-two week low of $41.56 and a fifty-two week high of $58.02.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, July 17th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.21). Rexford Industrial Realty had a net margin of 30.71% and a return on equity of 3.31%. The business had revenue of $237.60 million for the quarter, compared to analyst estimates of $227.70 million. During the same quarter last year, the firm posted $0.54 earnings per share. Rexford Industrial Realty’s revenue was up 21.3% on a year-over-year basis. On average, analysts anticipate that Rexford Industrial Realty, Inc. will post 2.34 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Howard Schwimmer sold 30,358 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $48.86, for a total value of $1,483,291.88. Following the sale, the chief executive officer now directly owns 50,673 shares in the company, valued at approximately $2,475,882.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Laura E. Clark sold 14,185 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total transaction of $711,377.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $48.86, for a total transaction of $1,483,291.88. Following the transaction, the chief executive officer now directly owns 50,673 shares of the company’s stock, valued at $2,475,882.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

About Rexford Industrial Realty

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.