Park Avenue Securities LLC Boosts Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Park Avenue Securities LLC raised its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 75.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,444 shares of the real estate investment trust’s stock after purchasing an additional 3,634 shares during the quarter. Park Avenue Securities LLC’s holdings in Rexford Industrial Realty were worth $326,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in REXR. UMB Bank n.a. lifted its position in shares of Rexford Industrial Realty by 164.3% in the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 447 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Rexford Industrial Realty by 111.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 976 shares in the last quarter. Archer Investment Corp raised its position in shares of Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 800 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of Rexford Industrial Realty in the third quarter worth approximately $129,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Rexford Industrial Realty by 4,835.8% during the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,563 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on REXR. Bank of America lowered Rexford Industrial Realty from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $66.00 to $49.00 in a research report on Monday, October 21st. Mizuho cut their price objective on Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. StockNews.com cut Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Industrial Alliance Securities set a $55.00 price target on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.42.

Rexford Industrial Realty Stock Up 1.8 %

Shares of NYSE REXR opened at $40.87 on Friday. The firm has a market cap of $9.09 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $54.76. The company has a 50 day simple moving average of $40.06 and a 200 day simple moving average of $45.41.

Rexford Industrial Realty Company Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.