State Street Corp Boosts Holdings in Rexford Industrial Realty Inc (REXR)

State Street Corp raised its position in Rexford Industrial Realty Inc (NASDAQ:REXR) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,233,196 shares of the company’s stock after purchasing an additional 25,694 shares during the period. State Street Corp owned about 3.15% of Rexford Industrial Realty worth $61,276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of REXR. BlackRock Inc. grew its holdings in Rexford Industrial Realty by 1,607.5% in the first quarter. BlackRock Inc. now owns 5,832,562 shares of the company’s stock valued at $131,347,000 after purchasing an additional 5,490,976 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Rexford Industrial Realty by 16.2% during the second quarter. Vanguard Group Inc. now owns 9,200,033 shares of the company’s stock valued at $252,449,000 after acquiring an additional 1,282,548 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Rexford Industrial Realty by 191.9% during the second quarter. Renaissance Technologies LLC now owns 673,300 shares of the company’s stock valued at $18,475,000 after acquiring an additional 442,600 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Rexford Industrial Realty by 40.2% during the second quarter. Russell Investments Group Ltd. now owns 1,442,941 shares of the company’s stock valued at $39,568,000 after acquiring an additional 413,653 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Rexford Industrial Realty during the second quarter valued at $8,704,000.

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Shares of Rexford Industrial Realty Inc (NASDAQ REXR) opened at 29.69 on Wednesday. Rexford Industrial Realty Inc has a 1-year low of $20.05 and a 1-year high of $30.66. The firm has a market cap of $2.10 billion and a price-to-earnings ratio of 63.58. The company’s 50 day moving average price is $29.67 and its 200-day moving average price is $27.96.

Rexford Industrial Realty (NASDAQ:REXR) last issued its earnings results on Tuesday, October 31st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.20. The business had revenue of $43.30 million for the quarter, compared to analysts’ expectations of $41.77 million. Rexford Industrial Realty had a return on equity of 7.84% and a net margin of 53.98%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.22 EPS. Equities analysts expect that Rexford Industrial Realty Inc will post $0.36 EPS for the current fiscal year.

A number of analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $33.00 price objective (up previously from $30.00) on shares of Rexford Industrial Realty in a research note on Thursday, July 13th. J P Morgan Chase & Co lowered Rexford Industrial Realty from an “overweight” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research note on Tuesday, September 26th. BidaskClub lowered Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Rexford Industrial Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, FBR & Co increased their price objective on Rexford Industrial Realty from $26.00 to $27.00 and gave the company a “mkt perform” rating in a research note on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.56.

About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

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

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