Oak Thistle LLC Has $832,000 Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Oak Thistle LLC raised its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 37.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,527 shares of the real estate investment trust’s stock after purchasing an additional 5,895 shares during the period. Oak Thistle LLC’s holdings in Rexford Industrial Realty were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of REXR. UMB Bank n.a. lifted its position in shares of Rexford Industrial Realty by 164.3% during the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 447 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Rexford Industrial Realty during the second quarter worth approximately $41,000. GAMMA Investing LLC boosted its position in shares of Rexford Industrial Realty by 111.7% in the third quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 976 shares during the period. Archer Investment Corp boosted its position in shares of Rexford Industrial Realty by 61.5% in the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 800 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Rexford Industrial Realty in the third quarter worth $129,000. Institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

REXR has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Rexford Industrial Realty in a research note on Tuesday. They set a “hold” rating and a $40.00 target price for the company. Mizuho reduced their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank lowered Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $55.00 to $48.00 in a research note on Friday, October 25th. Evercore ISI reaffirmed an “outperform” rating on shares of Rexford Industrial Realty in a report on Friday, October 18th. Finally, StockNews.com lowered Rexford Industrial Realty from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus price target of $49.42.

Rexford Industrial Realty Price Performance

Shares of REXR stock opened at $38.79 on Thursday. The stock’s fifty day simple moving average is $40.38 and its 200 day simple moving average is $45.67. Rexford Industrial Realty, Inc. has a one year low of $36.92 and a one year high of $56.14. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 31.54, a P/E/G ratio of 1.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20.

Rexford Industrial Realty (NYSE:REXR) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.28). The firm had revenue of $241.84 million during the quarter, compared to analyst estimates of $235.81 million. Rexford Industrial Realty had a net margin of 30.40% and a return on equity of 3.35%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, analysts expect that Rexford Industrial Realty, Inc. will post 2.34 earnings per share for the current fiscal year.

Rexford Industrial Realty Profile

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.