Rexford Industrial Realty Inc (REXR) : Assetmark Inc scooped up 23,280 additional shares in Rexford Industrial Realty Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 355,362 shares of Rexford Industrial Realty Inc which is valued at $7,984,984.Rexford Industrial Realty Inc makes up approximately 0.13% of Assetmark Inc’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in REXR in the latest quarter, The investment management firm added 35,678 additional shares and now holds a total of 262,147 shares of Rexford Industrial Realty Inc which is valued at $5,890,443. Rexford Industrial Realty Inc makes up approx 0.05% of Bnp Paribas Investment Partners S.a.’s portfolio.Eam Investors reduced its stake in REXR by selling 2,796 shares or 5.42% in the most recent quarter. The Hedge Fund company now holds 48,778 shares of REXR which is valued at $1,080,433. Rexford Industrial Realty Inc makes up approx 0.15% of Eam Investors’s portfolio. Quantbot Technologies Lp added REXR to its portfolio by purchasing 3,935 company shares during the most recent quarter which is valued at $87,318. Rexford Industrial Realty Inc makes up approx 0.01% of Quantbot Technologies Lp’s portfolio.Daiwa Securities Group boosted its stake in REXR in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 2,400 shares of Rexford Industrial Realty Inc which is valued at $53,112.Fisher Asset Management reduced its stake in REXR by selling 21,566 shares or 15.49% in the most recent quarter. The Hedge Fund company now holds 117,680 shares of REXR which is valued at $2,552,479.
Rexford Industrial Realty Inc closed down -0.06 points or -0.27% at $22.41 with 3,14,221 shares getting traded on Monday. Post opening the session at $22.55, the shares hit an intraday low of $22.265 and an intraday high of $22.55 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Rexford Industrial Realty Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $30.61 million for the quarter, compared to analysts expectations of $28.78 million. The company’s revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 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 .
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.