Amalgamated Bank Decreases Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Amalgamated Bank reduced its stake in Rexford Industrial Realty, Inc. (NYSE:REXRFree Report) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 130,217 shares of the real estate investment trust’s stock after selling 492 shares during the quarter. Amalgamated Bank’s holdings in Rexford Industrial Realty were worth $6,426,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in REXR. Norges Bank bought a new stake in shares of Rexford Industrial Realty in the 4th quarter worth approximately $283,319,000. Price T Rowe Associates Inc. MD lifted its position in Rexford Industrial Realty by 64.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,432,222 shares of the real estate investment trust’s stock valued at $570,016,000 after acquiring an additional 4,107,405 shares in the last quarter. Centersquare Investment Management LLC lifted its position in Rexford Industrial Realty by 105.1% in the 2nd quarter. Centersquare Investment Management LLC now owns 3,724,708 shares of the real estate investment trust’s stock valued at $194,504,000 after acquiring an additional 1,908,770 shares in the last quarter. Boston Partners bought a new position in Rexford Industrial Realty in the 2nd quarter valued at approximately $88,550,000. Finally, Vanguard Group Inc. lifted its position in Rexford Industrial Realty by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 22,698,814 shares of the real estate investment trust’s stock valued at $1,693,104,000 after acquiring an additional 1,587,612 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

REXR has been the topic of several analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $61.00 price objective (up from $53.00) on shares of Rexford Industrial Realty in a research report on Friday, January 5th. Scotiabank raised Rexford Industrial Realty from a “sector perform” rating to a “sector outperform” rating and set a $55.00 price objective on the stock in a research report on Wednesday, November 8th. Truist Financial lowered their price objective on Rexford Industrial Realty from $56.00 to $49.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Stifel Nicolaus lowered their price objective on Rexford Industrial Realty from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. Finally, TheStreet upgraded shares of Rexford Industrial Realty from a “c+” rating to a “b-” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.50.

Read Our Latest Analysis on Rexford Industrial Realty

Rexford Industrial Realty Stock Performance

Shares of NYSE REXR opened at $52.31 on Tuesday. Rexford Industrial Realty, Inc. has a 12-month low of $41.56 and a 12-month high of $65.07. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of 2.05 and a beta of 0.89. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $54.36 and a 200 day moving average of $51.41.

Rexford Industrial Realty Company Profile

(Free Report)

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.

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

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