Y Intercept Hong Kong Ltd Takes $3.57 Million Position in Rexford Industrial Realty, Inc. $REXR

Y Intercept Hong Kong Ltd purchased a new position in Rexford Industrial Realty, Inc. (NYSE:REXR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,804 shares of the real estate investment trust’s stock, valued at approximately $3,569,000.

Several other institutional investors and hedge funds have also recently modified their holdings of REXR. Quent Capital LLC bought a new position in Rexford Industrial Realty in the 3rd quarter worth about $41,000. Farther Finance Advisors LLC lifted its stake in shares of Rexford Industrial Realty by 174.1% in the third quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 780 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Rexford Industrial Realty by 2,331.7% during the second quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,399 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Rexford Industrial Realty by 69.0% during the second quarter. Caitong International Asset Management Co. Ltd now owns 1,834 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 749 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Rexford Industrial Realty in the 3rd quarter worth approximately $100,000. 99.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BNP Paribas Exane cut Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Wells Fargo & Company raised their target price on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Wolfe Research downgraded shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday. Finally, Evercore ISI lowered their target price on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and an average price target of $43.00.

Insider Activity at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the transaction, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at $25,061,203.68. The trade was a 3.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 57,118 shares of company stock valued at $2,345,706 over the last 90 days. 1.20% of the stock is owned by company insiders.

Rexford Industrial Realty Trading Down 1.3%

NYSE:REXR opened at $39.41 on Tuesday. Rexford Industrial Realty, Inc. has a one year low of $29.68 and a one year high of $44.38. The business has a fifty day moving average price of $40.39 and a 200-day moving average price of $40.35. The firm has a market capitalization of $9.17 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95.

Rexford Industrial Realty Company Profile

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.