Rexford Industrial Realty, Inc. (REXR): Michael S. Frankel , Co-CEO of Rexford Industrial Realty, Inc. sold 23,380 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $20.06 per share for a total value of $468,956.03 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 14, 2015, Richard S Ziman (director) purchased 10,000 shares at $12.76 per share price.On Sep 10, 2015, Michael S. Frankel (CEO) purchased 10,000 shares at $12.82 per share price.Also, On Aug 26, 2015, Howard Schwimmer (CEO) purchased 3,700 shares at $13.42 per share price.
Rexford Industrial Realty Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Rexford Industrial Realty Inc which led to swings in the share price. The shares opened for trading at $20.08 and hit $20.23 on the upside , eventually ending the session at $20.09, with a gain of 0.65% or 0.13 points. The heightened volatility saw the trading volume jump to 2,74,275 shares. The 52-week high of the share price is $20.23 and the company has a market cap of $1,326 M . The 52-week low of the share price is at $12.57.
Company has been under the radar of several Street Analysts.Rexford Industrial Realty Inc is Reiterated by Hudson Securities to Hold and the brokerage firm has raised the Price Target to $ 20 from a previous price target of $18 .The Rating was issued on May 16, 2016.Rexford Industrial Realty Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 21 from a previous price target of $18 .The Rating was issued on Apr 15, 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.