Assetmark Inc. Has $76,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Assetmark Inc. lifted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR – Get Rating) by 51.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,471 shares of the real estate investment trust’s stock after acquiring an additional 500 shares during the period. Assetmark Inc.’s holdings in Rexford Industrial Realty were worth $76,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC increased its stake in Rexford Industrial Realty by 52.8% during the 3rd quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. First Manhattan Co. bought a new stake in Rexford Industrial Realty during the 1st quarter valued at $151,000. Wipfli Financial Advisors LLC bought a new stake in Rexford Industrial Realty during the 3rd quarter valued at $127,000. Whittier Trust Co. increased its stake in Rexford Industrial Realty by 394.1% during the 2nd quarter. Whittier Trust Co. now owns 3,083 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 2,459 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its stake in Rexford Industrial Realty by 26.0% during the 1st quarter. Vident Investment Advisory LLC now owns 3,247 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 669 shares in the last quarter. Institutional investors and hedge funds own 98.77% of the company’s stock.

Analyst Ratings Changes

REXR has been the subject of a number of recent research reports. StockNews.com began coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 12th. They set a “sell” rating for the company. Robert W. Baird reduced their target price on shares of Rexford Industrial Realty from $77.00 to $71.00 in a research note on Monday, October 24th. Stifel Nicolaus began coverage on shares of Rexford Industrial Realty in a research note on Wednesday, October 12th. They issued a “buy” rating and a $64.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Rexford Industrial Realty to $68.00 in a research note on Wednesday, December 14th.

Rexford Industrial Realty Price Performance

NYSE REXR opened at $60.22 on Friday. The company has a market cap of $11.05 billion, a PE ratio of 64.75, a price-to-earnings-growth ratio of 3.17 and a beta of 0.80. Rexford Industrial Realty, Inc. has a 52 week low of $48.74 and a 52 week high of $84.68. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $55.45 and its two-hundred day simple moving average is $57.84.

Rexford Industrial Realty Company Profile

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Rexford Industrial, a real estate investment trust focused on owning and operating industrial properties throughout Southern California infill markets, owns 232 properties with approximately 27.9 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.