Spirit of America Management Corp NY Has $522,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Spirit of America Management Corp NY lowered its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,500 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in Rexford Industrial Realty were worth $522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Rexford Industrial Realty in the third quarter worth $3,376,000. Asset Management One Co. Ltd. raised its position in shares of Rexford Industrial Realty by 15.8% during the third quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock worth $23,730,000 after acquiring an additional 64,264 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Rexford Industrial Realty by 26.9% during the third quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after acquiring an additional 954,202 shares during the last quarter. M&G PLC raised its position in shares of Rexford Industrial Realty by 24.0% during the third quarter. M&G PLC now owns 935,892 shares of the real estate investment trust’s stock worth $46,795,000 after acquiring an additional 180,940 shares during the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in shares of Rexford Industrial Realty during the third quarter worth $2,215,000. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Up 1.7 %

Shares of Rexford Industrial Realty stock opened at $40.78 on Wednesday. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $53.88. The business has a 50-day moving average of $39.81 and a two-hundred day moving average of $44.97. The company has a market capitalization of $9.07 billion, a P/E ratio of 33.15, a price-to-earnings-growth ratio of 2.21 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research report on Friday, October 18th. Scotiabank downgraded Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Truist Financial dropped their target price on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Bank of America downgraded Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $49.00 in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $49.42.

Rexford Industrial Realty Company 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.