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

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

A number of other institutional investors have also bought and sold shares of the business. Quent Capital LLC purchased a new position in shares of Rexford Industrial Realty in the third quarter valued at about $41,000. Farther Finance Advisors LLC grew its position 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 purchasing an additional 780 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Rexford Industrial Realty by 2,331.7% during the 2nd 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 period. Caitong International Asset Management Co. Ltd lifted its holdings 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 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. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Insider Activity at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of the business’s stock in a transaction that occurred on 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 owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 57,118 shares of company stock valued at $2,345,706. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on REXR shares. Industrial Alliance Securities set a $42.00 price objective on shares of Rexford Industrial Realty in a report on Wednesday, November 19th. Robert W. Baird set a $41.00 price target on shares of Rexford Industrial Realty in a report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Thursday. Truist Financial reduced their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, January 20th. Finally, Barclays reiterated an “underweight” rating on shares of Rexford Industrial Realty in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, eight have given 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 target price of $43.00.

Rexford Industrial Realty Stock Performance

Rexford Industrial Realty stock opened at $39.41 on Tuesday. The company’s 50-day moving average price is $40.39 and its 200-day moving average price is $40.35. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.17 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38.

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.