Rexford Industrial Realty Inc (REXR) : First Foundation Advisors reduced its stake in Rexford Industrial Realty Inc by 41.67% during the most recent quarter end. The investment management company now holds a total of 2,533,922 shares of Rexford Industrial Realty Inc which is valued at $50 Million after selling 1,810,016 shares in Rexford Industrial Realty Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Rexford Industrial Realty Inc makes up approximately 3.59% of First Foundation Advisors’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in REXR in the latest quarter, The investment management firm added 1,792,632 additional shares and now holds a total of 6,446,665 shares of Rexford Industrial Realty Inc which is valued at $127.3 Million. Rexford Industrial Realty Inc makes up approx 0.01% of Vanguard Group Inc’s portfolio.Credit Agricole S A reduced its stake in REXR by selling 100 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 13,469 shares of REXR which is valued at $265,878.Security Capital Research Management Inc reduced its stake in REXR by selling 240,850 shares or 22.46% in the most recent quarter. The Hedge Fund company now holds 831,600 shares of REXR which is valued at $16.4 Million. Rexford Industrial Realty Inc makes up approx 0.52% of Security Capital Research Management Inc’s portfolio.Lazard Asset Management reduced its stake in REXR by selling 16,716 shares or 15.98% in the most recent quarter. The Hedge Fund company now holds 87,912 shares of REXR which is valued at $1.7 Million.Blackrock Japan Ltd boosted its stake in REXR in the latest quarter, The investment management firm added 107 additional shares and now holds a total of 3,051 shares of Rexford Industrial Realty Inc which is valued at $60,227.
Rexford Industrial Realty Inc closed down -0.24 points or -1.21% at $19.67 with 3,01,242 shares getting traded on Wednesday. Post opening the session at $19.93, the shares hit an intraday low of $19.63 and an intraday high of $19.9381 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Rexford Industrial Realty Inc reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.21. The company had revenue of $27.50 million for the quarter, compared to analysts expectations of $26.06 million. The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
Many Wall Street Analysts have commented on Rexford Industrial Realty Inc. Company shares were Reiterated by Hudson Securities on May 16, 2016 to “Hold”, Firm has raised the Price Target to $ 20 from a previous price target of $18 .Company shares were Reiterated by Stifel on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 21 from a previous price target of $18 .Rexford Industrial Realty Inc was Downgraded by CapitalOne to ” Equal Weight” on Feb 24, 2016.
Rexford Industrial Realty Inc. is a self-administered and self-managed full-service real estate investment trust (REIT) focused on owning operating and acquiring industrial properties in Southern California infill markets. The Company owns interests in approximately 120 properties with approximately 11.7 million rentable square feet. The Company also owns 601-605 S. Milliken Ave property located in Ontario California which comprises approximately three buildings containing approximately 128320 square feet on approximately 7.32 acres of land. It owns an interest in a joint venture (the JV) that indirectly owns one property with approximately 0.5 million square feet which the Company also manage. In addition the Company manages an additional 20 properties with approximately 1.2 million rentable square feet. The Company’s properties are concentrated in industries such as wholesale and retail light manufacturing warehousing and storage and business services.