AR Asset Management Inc. Grows Position in Rexford Industrial Realty, Inc. $REXR

AR Asset Management Inc. grew its stake in Rexford Industrial Realty, Inc. (NYSE:REXR) by 35.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,050 shares of the real estate investment trust’s stock after buying an additional 20,000 shares during the quarter. AR Asset Management Inc.’s holdings in Rexford Industrial Realty were worth $2,522,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in REXR. V Square Quantitative Management LLC purchased a new stake in shares of Rexford Industrial Realty in the fourth quarter worth $31,000. Cassaday & Co Wealth Management LLC purchased a new stake in Rexford Industrial Realty in the 1st quarter worth $33,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Rexford Industrial Realty in the 4th quarter worth $34,000. Wiser Advisor Group LLC bought a new stake in Rexford Industrial Realty during the third quarter valued at about $34,000. Finally, Allworth Financial LP raised its holdings in Rexford Industrial Realty by 140.3% during the third quarter. Allworth Financial LP now owns 983 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 574 shares during the period. Institutional investors own 99.52% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel David E. Lanzer sold 33,299 shares of the stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $35.47, for a total value of $1,181,115.53. Following the sale, the general counsel owned 33,299 shares of the company’s stock, valued at approximately $1,181,115.53. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

REXR has been the topic of several research analyst reports. Barclays lowered their price objective on Rexford Industrial Realty from $40.00 to $36.00 and set an “underweight” rating on the stock in a research report on Thursday, July 16th. Evercore raised Rexford Industrial Realty from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Monday, April 13th. Truist Financial lowered their price target on Rexford Industrial Realty from $40.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Zacks Research upgraded Rexford Industrial Realty from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Scotiabank upgraded shares of Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and reduced their price objective for the company from $38.00 to $36.00 in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.38.

Rexford Industrial Realty Price Performance

Rexford Industrial Realty stock opened at $36.75 on Thursday. Rexford Industrial Realty, Inc. has a 52-week low of $32.14 and a 52-week high of $44.38. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $34.83 and its 200 day moving average is $36.14. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 39.52, a PEG ratio of 1.55 and a beta of 1.21.

Rexford Industrial Realty (NYSE:REXR) last posted its earnings results on Thursday, April 23rd. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Rexford Industrial Realty had a net margin of 23.25% and a return on equity of 2.64%. The firm had revenue of $242.14 million for the quarter, compared to the consensus estimate of $243.78 million. During the same period in the previous year, the firm posted $0.62 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts forecast that Rexford Industrial Realty, Inc. will post 2.4 EPS for the current fiscal year.

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.