Strs Ohio Sells 216,397 Shares of Rexford Industrial Realty, Inc. $REXR

Strs Ohio lessened its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 69.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,154 shares of the real estate investment trust’s stock after selling 216,397 shares during the quarter. Strs Ohio’s holdings in Rexford Industrial Realty were worth $3,953,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in REXR. Allspring Global Investments Holdings LLC increased its stake in shares of Rexford Industrial Realty by 3.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 13,059 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 423 shares during the period. Westwood Holdings Group Inc. increased its position in Rexford Industrial Realty by 10.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 649,966 shares of the real estate investment trust’s stock worth $23,119,000 after buying an additional 59,671 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Rexford Industrial Realty by 3.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 258,815 shares of the real estate investment trust’s stock worth $9,206,000 after buying an additional 9,443 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Rexford Industrial Realty in the second quarter valued at about $586,000. Finally, CWM LLC grew its stake in shares of Rexford Industrial Realty by 637.5% in the second quarter. CWM LLC now owns 31,129 shares of the real estate investment trust’s stock valued at $1,107,000 after acquiring an additional 26,908 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on REXR shares. Evercore ISI dropped their price objective on shares of Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Wolfe Research downgraded shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 20th. Robert W. Baird set a $41.00 target price on shares of Rexford Industrial Realty in a report on Thursday, January 8th. BNP Paribas Exane lowered shares of Rexford Industrial Realty to a “hold” rating in a report on Tuesday, October 21st. Finally, Barclays reiterated an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Rexford Industrial Realty has a consensus rating of “Hold” and a consensus price target of $43.00.

Insider Buying and Selling at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 18,750 shares of Rexford Industrial Realty stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the transaction, the chief executive officer directly owned 583,538 shares of the company’s stock, valued at $23,376,532.28. The trade was a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 57,118 shares of company stock valued at $2,345,706 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Rexford Industrial Realty Stock Performance

Shares of Rexford Industrial Realty stock opened at $39.41 on Tuesday. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.52 and a beta of 1.22. Rexford Industrial Realty, Inc. has a twelve month low of $29.68 and a twelve month high of $44.38. The company’s fifty day moving average is $40.39 and its 200 day moving average is $40.35. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.37.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.