Koa Wealth Management LLC Has $1.27 Million Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Koa Wealth Management LLC lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 357.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,766 shares of the real estate investment trust’s stock after purchasing an additional 25,600 shares during the quarter. Koa Wealth Management LLC’s holdings in Rexford Industrial Realty were worth $1,267,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fulton Bank N.A. raised its stake in shares of Rexford Industrial Realty by 4.7% in the 3rd quarter. Fulton Bank N.A. now owns 5,038 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 224 shares during the period. UMB Bank n.a. raised its position in Rexford Industrial Realty by 38.9% in the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 280 shares during the last quarter. IHT Wealth Management LLC lifted its stake in Rexford Industrial Realty by 4.8% in the 3rd quarter. IHT Wealth Management LLC now owns 6,451 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 296 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Rexford Industrial Realty by 13.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 371 shares during the last quarter. Finally, Naviter Wealth LLC grew its stake in shares of Rexford Industrial Realty by 2.6% during the 3rd 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 in the last quarter. Institutional investors own 99.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on REXR shares. Scotiabank lowered shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. StockNews.com downgraded shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Barclays decreased their price objective on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Monday, January 13th. Industrial Alliance Securities set a $55.00 price target on Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Truist Financial lowered their price target on Rexford Industrial Realty from $54.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus target price of $49.42.

Rexford Industrial Realty Trading Up 0.7 %

REXR stock opened at $40.68 on Friday. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $54.60. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 33.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.95. The company has a fifty day moving average price of $39.93 and a two-hundred day moving average price of $45.22. 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 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.