Chilton Capital Management LLC Sells 23,805 Shares of Rexford Industrial Realty, Inc. $REXR

Chilton Capital Management LLC decreased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,220 shares of the real estate investment trust’s stock after selling 23,805 shares during the quarter. Chilton Capital Management LLC owned 0.15% of Rexford Industrial Realty worth $14,188,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of REXR. Legacy Wealth Asset Management LLC raised its position in shares of Rexford Industrial Realty by 1.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 14,771 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 278 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Rexford Industrial Realty by 0.7% in the first quarter. Summit Investment Advisors Inc. now owns 44,771 shares of the real estate investment trust’s stock valued at $1,753,000 after acquiring an additional 308 shares during the last quarter. Mutual of America Capital Management LLC raised its position in Rexford Industrial Realty by 0.3% during the second quarter. Mutual of America Capital Management LLC now owns 117,425 shares of the real estate investment trust’s stock valued at $4,177,000 after purchasing an additional 311 shares in the last quarter. Covestor Ltd lifted its stake in Rexford Industrial Realty by 6.2% during the third quarter. Covestor Ltd now owns 6,161 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 359 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Rexford Industrial Realty by 1.0% during the second quarter. Lazard Asset Management LLC now owns 35,475 shares of the real estate investment trust’s stock worth $1,261,000 after purchasing an additional 362 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on REXR shares. UBS Group set a $44.00 price target on Rexford Industrial Realty in a research note on Monday, November 10th. Robert W. Baird set a $41.00 price objective on Rexford Industrial Realty in a research note on Thursday, January 8th. Truist Financial lowered their target price on Rexford Industrial Realty from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Wolfe Research cut shares of Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a report on Monday, October 20th. Finally, Wells Fargo & Company lifted their price target on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.00.

Rexford Industrial Realty Stock Performance

NYSE:REXR opened at $39.41 on Tuesday. The stock’s 50-day moving average is $40.39 and its 200-day moving average is $40.35. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. The stock has a market cap of $9.17 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.52 and a beta of 1.22.

Insider Activity

In other news, CEO Michael S. Frankel sold 20,318 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the completion of the transaction, the chief executive officer owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 57,118 shares of company stock worth $2,345,706 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Rexford Industrial Realty 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.