Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Rexford Industrial Realty, Inc. $REXR

Universal Beteiligungs und Servicegesellschaft mbH lowered its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 354,013 shares of the real estate investment trust’s stock after selling 29,562 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Rexford Industrial Realty were worth $14,553,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Soroban Capital Partners LP increased its position in shares of Rexford Industrial Realty by 57.2% in the second quarter. Soroban Capital Partners LP now owns 9,191,038 shares of the real estate investment trust’s stock worth $326,925,000 after purchasing an additional 3,344,677 shares during the last quarter. Norges Bank bought a new stake in Rexford Industrial Realty during the second quarter valued at approximately $104,116,000. Royal London Asset Management Ltd. purchased a new position in Rexford Industrial Realty in the 2nd quarter worth approximately $91,671,000. Nomura Holdings Inc. increased its holdings in shares of Rexford Industrial Realty by 19,554.8% in the 2nd quarter. Nomura Holdings Inc. now owns 2,322,806 shares of the real estate investment trust’s stock worth $82,622,000 after buying an additional 2,310,988 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Rexford Industrial Realty by 5.7% in the 2nd quarter. Vanguard Group Inc. now owns 32,460,761 shares of the real estate investment trust’s stock worth $1,154,629,000 after buying an additional 1,749,685 shares during the last quarter. Institutional investors own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on REXR. BNP Paribas Exane downgraded shares of Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Scotiabank raised their price target on Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Truist Financial dropped their price target on Rexford Industrial Realty from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday. Wolfe Research lowered Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 20th. Finally, Wall Street Zen cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.00.

Insiders Place Their Bets

In related news, CEO Michael S. Frankel sold 18,750 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $23,376,532.28. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 57,118 shares of company stock worth $2,345,706. Corporate insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Stock Performance

NYSE REXR opened at $39.91 on Friday. The company has a 50-day simple moving average of $40.41 and a two-hundred day simple moving average of $40.28. 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 $9.29 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.48 and a beta of 1.22.

Rexford Industrial Realty 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.