Exchange Traded Concepts LLC Purchases 371 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Exchange Traded Concepts LLC lifted its position in Rexford Industrial Realty, Inc. (NYSE:REXR) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,172 shares of the real estate investment trust’s stock after purchasing an additional 371 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Rexford Industrial Realty were worth $123,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Rexford Industrial Realty by 164.3% in the 3rd quarter. UMB Bank n.a. now owns 719 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 447 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Rexford Industrial Realty by 111.7% during the third quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 976 shares in the last quarter. Archer Investment Corp grew its holdings in shares of Rexford Industrial Realty by 61.5% during the third quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 800 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Rexford Industrial Realty in the third quarter worth approximately $129,000. Finally, International Assets Investment Management LLC raised its stake in Rexford Industrial Realty by 4,835.8% in the third quarter. International Assets Investment Management LLC now owns 2,616 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,563 shares in the last quarter. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Price Performance

REXR opened at $40.65 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s 50 day simple moving average is $39.90 and its 200 day simple moving average is $45.13. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 2.20 and a beta of 0.95. Rexford Industrial Realty, Inc. has a 1 year low of $36.92 and a 1 year high of $54.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on REXR shares. Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and cut their price target for the stock from $55.00 to $48.00 in a research note on Friday, October 25th. Barclays cut their target price on shares of Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a report on Friday, October 18th. Finally, Bank of America cut Rexford Industrial Realty from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $66.00 to $49.00 in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Rexford Industrial Realty currently has an average rating of “Hold” and an average target price of $49.42.

About Rexford Industrial Realty

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.