Rexford Industrial Realty, Inc. (NYSE:REXR) is Presima Securities ULC’s 10th Largest Position

Presima Securities ULC decreased its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 2.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 411,242 shares of the real estate investment trust’s stock after selling 9,996 shares during the period. Rexford Industrial Realty accounts for 3.9% of Presima Securities ULC’s investment portfolio, making the stock its 10th largest position. Presima Securities ULC’s holdings in Rexford Industrial Realty were worth $15,899,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Rexford Industrial Realty by 164.3% in the third 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 in the last quarter. GAMMA Investing LLC lifted its stake in Rexford Industrial Realty by 111.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 976 shares in the last quarter. Archer Investment Corp lifted its stake in Rexford Industrial Realty by 61.5% in the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 800 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in Rexford Industrial Realty in the 3rd quarter valued at $129,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Rexford Industrial Realty by 4,835.8% in the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 2,563 shares during the period. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on REXR. Truist Financial reduced 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. StockNews.com downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Rexford Industrial Realty in a research note on Tuesday, January 14th. They issued a “hold” rating and a $40.00 price target for the company. Scotiabank downgraded shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $55.00 to $48.00 in a report on Friday, October 25th. Finally, Industrial Alliance Securities set a $55.00 target price on Rexford Industrial Realty in a research note on Friday, October 18th. 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, Rexford Industrial Realty has an average rating of “Hold” and an average target price of $49.42.

Rexford Industrial Realty Price Performance

Shares of Rexford Industrial Realty stock opened at $40.87 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $54.76. The business’s 50 day simple moving average is $40.06 and its two-hundred day simple moving average is $45.41. The stock has a market capitalization of $9.09 billion, a P/E ratio of 33.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95.

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.