Rexford Industrial Realty (NYSE:REXR) Upgraded to Hold by StockNews.com

Rexford Industrial Realty (NYSE:REXR – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, BMO Capital Markets assumed coverage on shares of Rexford Industrial Realty in a research report on Monday, February 6th. They issued an “outperform” rating and a $77.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.33.

Rexford Industrial Realty Trading Down 0.1 %

Shares of REXR opened at $54.21 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average is $56.38 and its two-hundred day moving average is $57.29. Rexford Industrial Realty has a twelve month low of $48.74 and a twelve month high of $68.68. The firm has a market capitalization of $10.89 billion, a P/E ratio of 57.06, a PEG ratio of 2.33 and a beta of 0.84.

Insider Activity at Rexford Industrial Realty

In other Rexford Industrial Realty news, CEO Howard Schwimmer sold 35,505 shares of the firm’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $55.94, for a total transaction of $1,986,149.70. Following the completion of the transaction, the chief executive officer now directly owns 50,862 shares of the company’s stock, valued at approximately $2,845,220.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, General Counsel David E. Lanzer sold 16,778 shares of Rexford Industrial Realty stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $58.16, for a total value of $975,808.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard Schwimmer sold 35,505 shares of Rexford Industrial Realty stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $55.94, for a total transaction of $1,986,149.70. Following the completion of the transaction, the chief executive officer now directly owns 50,862 shares of the company’s stock, valued at $2,845,220.28. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Rexford Industrial Realty

Several hedge funds have recently bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth about $27,000. CI Investments Inc. raised its position in shares of Rexford Industrial Realty by 117.4% during the 4th quarter. CI Investments Inc. now owns 500 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 270 shares in the last quarter. CWM LLC raised its position in shares of Rexford Industrial Realty by 52.8% during the 3rd quarter. CWM LLC now owns 550 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 190 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of Rexford Industrial Realty during the 4th quarter worth about $30,000. Finally, Ellevest Inc. bought a new stake in shares of Rexford Industrial Realty in the 3rd quarter worth approximately $37,000. 98.77% of the stock is currently owned by institutional investors.

About Rexford Industrial Realty

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Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust. It engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.