Rexford Industrial Realty, Inc. $REXR Stake Lessened by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 63.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,239 shares of the real estate investment trust’s stock after selling 26,700 shares during the period. Rexford Industrial Realty accounts for about 0.7% of American Assets Capital Advisers LLC’s investment portfolio, making the stock its 28th largest holding. American Assets Capital Advisers LLC’s holdings in Rexford Industrial Realty were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in REXR. Royal Bank of Canada raised its stake in shares of Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock worth $9,849,000 after buying an additional 8,506 shares in the last quarter. AQR Capital Management LLC grew its holdings in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock worth $4,628,000 after acquiring an additional 89,390 shares during the period. Goldman Sachs Group Inc. grew its holdings in Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock worth $70,931,000 after acquiring an additional 526,877 shares during the period. Janney Montgomery Scott LLC bought a new stake in Rexford Industrial Realty in the second quarter worth about $1,310,000. Finally, KLP Kapitalforvaltning AS lifted its holdings in Rexford Industrial Realty by 10.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 49,400 shares of the real estate investment trust’s stock valued at $1,775,000 after acquiring an additional 4,500 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 0.7%

REXR stock opened at $40.25 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. The firm has a market capitalization of $9.37 billion, a P/E ratio of 28.34, a P/E/G ratio of 2.55 and a beta of 1.23. Rexford Industrial Realty, Inc. has a 52-week low of $29.68 and a 52-week high of $44.38. The company’s 50 day simple moving average is $40.31 and its 200-day simple moving average is $40.47.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. UBS Group set a $44.00 target price on shares of Rexford Industrial Realty in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday, January 22nd. Robert W. Baird set a $41.00 price objective on Rexford Industrial Realty in a research report on Thursday, January 8th. Finally, Industrial Alliance Securities set a $42.00 target price on Rexford Industrial Realty in a report on Wednesday, November 19th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and an average target price of $43.00.

Insider Activity at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 18,750 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $40.06, for a total transaction of $751,125.00. Following the transaction, the chief executive officer directly owned 583,538 shares of the company’s stock, valued at approximately $23,376,532.28. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 57,118 shares of company stock valued at $2,345,706 over the last ninety days. Company insiders own 1.20% of the company’s stock.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.