Federated Hermes Inc. lowered its stake in Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) by 82.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,329 shares of the real estate investment trust’s stock after selling 146,147 shares during the period. Federated Hermes Inc.’s holdings in Rexford Industrial Realty were worth $1,629,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in REXR. CWM LLC grew its position in Rexford Industrial Realty by 52.8% in the third quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 190 shares in the last quarter. Ellevest Inc. bought a new stake in Rexford Industrial Realty in the third quarter worth about $37,000. Assetmark Inc. lifted its stake in Rexford Industrial Realty by 51.5% in the third quarter. Assetmark Inc. now owns 1,471 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 500 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Rexford Industrial Realty by 262.2% in the third quarter. Quadrant Capital Group LLC now owns 1,967 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 1,424 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Rexford Industrial Realty in the third quarter worth about $122,000. Hedge funds and other institutional investors own 98.77% of the company’s stock.
Rexford Industrial Realty Stock Performance
Rexford Industrial Realty stock opened at $56.41 on Friday. The company has a 50 day moving average price of $60.55 and a 200-day moving average price of $57.43. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.53. Rexford Industrial Realty, Inc. has a fifty-two week low of $48.74 and a fifty-two week high of $84.68. The company has a market capitalization of $11.10 billion, a PE ratio of 61.32, a P/E/G ratio of 3.37 and a beta of 0.83.
Rexford Industrial Realty Increases Dividend
Wall Street Analyst Weigh In
REXR has been the subject of several analyst reports. BMO Capital Markets initiated coverage on shares of Rexford Industrial Realty in a research note on Monday, February 6th. They issued an “outperform” rating and a $77.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Rexford Industrial Realty to $68.00 in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and a consensus price target of $69.33.
Rexford Industrial Realty Profile
Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust. It engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.
Featured Stories
- Get a free copy of the StockNews.com research report on Rexford Industrial Realty (REXR)
- What the SVB Financial Collapse Means for U.S. Banks
- MarketBeat Week in Review – 3/6 – 3/10
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.
