Truist Financial Corp Increases Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Truist Financial Corp lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXRGet Rating) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,153 shares of the real estate investment trust’s stock after purchasing an additional 310 shares during the period. Truist Financial Corp’s holdings in Rexford Industrial Realty were worth $476,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Lindbrook Capital LLC increased its position in Rexford Industrial Realty by 3.6% during the second quarter. Lindbrook Capital LLC now owns 5,142 shares of the real estate investment trust’s stock worth $296,000 after buying an additional 178 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in Rexford Industrial Realty by 2.9% in the 1st quarter. Wetherby Asset Management Inc. now owns 6,932 shares of the real estate investment trust’s stock valued at $517,000 after purchasing an additional 196 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Rexford Industrial Realty by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 14,120 shares of the real estate investment trust’s stock valued at $813,000 after purchasing an additional 210 shares during the last quarter. Jane Street Group LLC lifted its holdings in Rexford Industrial Realty by 5.2% in the 2nd quarter. Jane Street Group LLC now owns 5,885 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 290 shares in the last quarter. Finally, Corient Capital Partners LLC boosted its stake in shares of Rexford Industrial Realty by 9.0% during the 2nd quarter. Corient Capital Partners LLC now owns 3,957 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 327 shares during the last quarter. 98.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on REXR shares. Wells Fargo & Company upped their price objective on shares of Rexford Industrial Realty to $68.00 in a research note on Wednesday, December 14th. Stifel Nicolaus assumed coverage on Rexford Industrial Realty in a report on Wednesday, October 12th. They set a “buy” rating and a $64.00 price objective on the stock. Robert W. Baird dropped their target price on Rexford Industrial Realty from $77.00 to $71.00 in a research note on Monday, October 24th. Finally, StockNews.com initiated coverage on Rexford Industrial Realty in a research note on Wednesday, October 12th. They issued a “sell” rating on the stock.

Rexford Industrial Realty Trading Up 2.3 %

REXR stock opened at $61.62 on Tuesday. 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 company has a market cap of $11.31 billion, a price-to-earnings ratio of 66.26, a PEG ratio of 3.24 and a beta of 0.80. The business has a fifty day simple moving average of $55.60 and a 200-day simple moving average of $57.84. Rexford Industrial Realty, Inc. has a 52 week low of $48.74 and a 52 week high of $84.68.

Rexford Industrial Realty Company Profile

(Get Rating)

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013, and is headquartered in Los Angeles, CA.

Featured Articles

Want to see what other hedge funds are holding REXR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rexford Industrial Realty, Inc. (NYSE:REXRGet Rating).

Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

Receive News & Ratings for Rexford Industrial Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rexford Industrial Realty and related companies with MarketBeat.com's FREE daily email newsletter.