UMB Bank n.a. Increases Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

UMB Bank n.a. increased its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 38.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 999 shares of the real estate investment trust’s stock after buying an additional 280 shares during the quarter. UMB Bank n.a.’s holdings in Rexford Industrial Realty were worth $39,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in REXR. Legacy Wealth Asset Management LLC increased its position in Rexford Industrial Realty by 21.8% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 14,607 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 2,613 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Rexford Industrial Realty by 11.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,969 shares of the real estate investment trust’s stock worth $463,000 after acquiring an additional 1,184 shares during the last quarter. Park Avenue Securities LLC raised its stake in Rexford Industrial Realty by 75.6% in the 4th quarter. Park Avenue Securities LLC now owns 8,444 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 3,634 shares during the period. Oak Thistle LLC lifted its holdings in Rexford Industrial Realty by 37.7% during the fourth quarter. Oak Thistle LLC now owns 21,527 shares of the real estate investment trust’s stock valued at $832,000 after purchasing an additional 5,895 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its position in Rexford Industrial Realty by 1.6% during the fourth quarter. Reinhart Partners LLC. now owns 282,598 shares of the real estate investment trust’s stock worth $10,925,000 after purchasing an additional 4,518 shares during the period. Institutional investors own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on REXR. Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $55.00 to $48.00 in a research note on Friday, October 25th. StockNews.com downgraded Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Bank of America lowered Rexford Industrial Realty from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Barclays cut their target price on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research note on Monday, January 13th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Rexford Industrial Realty in a research 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 issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.42.

Rexford Industrial Realty Trading Up 1.8 %

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

About Rexford Industrial Realty

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.