Rexford Industrial Realty, Inc. $REXR Stock Position Reduced by American Assets Capital Advisers LLC

American Assets Capital Advisers LLC lessened its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 63.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,239 shares of the real estate investment trust’s stock after selling 26,700 shares during the quarter. Rexford Industrial Realty accounts for about 0.7% of American Assets Capital Advisers LLC’s holdings, making the stock its 28th biggest position. American Assets Capital Advisers LLC’s holdings in Rexford Industrial Realty were worth $626,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in REXR. Quent Capital LLC purchased a new position in shares of Rexford Industrial Realty during the 3rd quarter valued at $41,000. Farther Finance Advisors LLC raised its holdings in shares of Rexford Industrial Realty by 174.1% during the third quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 780 shares in the last quarter. Hantz Financial Services Inc. boosted its position in 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 purchasing an additional 1,399 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Rexford Industrial Realty in the third quarter valued at about $56,000. Finally, Caitong International Asset Management Co. Ltd increased its position in Rexford Industrial Realty by 69.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,834 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 749 shares during the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Trading Down 0.7%

NYSE:REXR opened at $40.25 on Tuesday. The company’s 50 day moving average is $40.31 and its 200-day moving average is $40.47. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 12 month low of $29.68 and a 12 month high of $44.38. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 28.34, a P/E/G ratio of 2.55 and a beta of 1.23.

Analyst Ratings Changes

REXR has been the subject of a number of recent research reports. Wolfe Research downgraded Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. BNP Paribas Exane lowered shares of Rexford Industrial Realty to a “hold” rating in a research report on Tuesday, October 21st. 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. Wells Fargo & Company increased their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Finally, Mizuho raised their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Three investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.00.

Insider Buying and Selling

In related news, CEO Michael S. Frankel sold 20,318 shares of Rexford Industrial Realty stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total value of $845,431.98. Following the transaction, the chief executive officer owned 602,288 shares in the company, valued at $25,061,203.68. This trade represents a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 57,118 shares of company stock valued at $2,345,706. Company insiders own 1.20% of the company’s stock.

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.