Presima Securities ULC Sells 252 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Presima Securities ULC cut its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 0.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,238 shares of the real estate investment trust’s stock after selling 252 shares during the quarter. Rexford Industrial Realty accounts for about 4.7% of Presima Securities ULC’s investment portfolio, making the stock its 8th largest holding. Presima Securities ULC owned about 0.19% of Rexford Industrial Realty worth $21,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in REXR. Massmutual Trust Co. FSB ADV grew its holdings in shares of Rexford Industrial Realty by 169.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 555 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 349 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Rexford Industrial Realty during the 2nd quarter valued at approximately $26,000. UMB Bank n.a. grew its stake in Rexford Industrial Realty by 164.3% during the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 447 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Rexford Industrial Realty in the second quarter worth $41,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Rexford Industrial Realty by 1,252.2% in the first quarter. EverSource Wealth Advisors LLC now owns 933 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 864 shares during the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $49.42 on Thursday. Rexford Industrial Realty, Inc. has a 1 year low of $41.56 and a 1 year high of $58.02. The firm has a market cap of $10.76 billion, a P/E ratio of 45.34, a PEG ratio of 1.93 and a beta of 0.93. The stock has a fifty day moving average price of $50.07 and a two-hundred day moving average price of $47.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.73 and a current ratio of 1.73.

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

Insider Activity

In related news, CFO Laura E. Clark sold 14,185 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $50.15, for a total value of $711,377.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Laura E. Clark sold 14,185 shares of the firm’s 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 Securities & Exchange Commission, which is available through this link. Also, CEO Howard Schwimmer sold 30,358 shares of Rexford Industrial Realty stock in a transaction 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 completion of the transaction, the chief executive officer now owns 50,673 shares in the company, valued at $2,475,882.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Rexford Industrial Realty from $66.00 to $61.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Truist Financial upped their target price on shares of Rexford Industrial Realty from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com raised Rexford Industrial Realty from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Rexford Industrial Realty from $47.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Mizuho lowered their target price on Rexford Industrial Realty from $50.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rexford Industrial Realty presently has an average rating of “Hold” and a consensus price target of $52.50.

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.