Fifth Third Bancorp Sells 1,040 Shares of Rexford Industrial Realty, Inc. (NYSE:REXR)

Fifth Third Bancorp lowered its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 58.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 739 shares of the real estate investment trust’s stock after selling 1,040 shares during the quarter. Fifth Third Bancorp’s holdings in Rexford Industrial Realty were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of 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 buying an additional 447 shares during the last quarter. GAMMA Investing LLC lifted its position in Rexford Industrial Realty by 111.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,850 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 976 shares during the period. Archer Investment Corp grew its stake in Rexford Industrial Realty by 61.5% during the 3rd quarter. Archer Investment Corp now owns 2,100 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 800 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Rexford Industrial Realty by 13.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 371 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Rexford Industrial Realty during the third quarter worth about $129,000. Hedge funds and other institutional investors own 99.52% of the company’s stock.

Analysts Set New Price Targets

REXR has been the subject of a number of recent research reports. StockNews.com lowered shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Barclays cut their price target on Rexford Industrial Realty from $44.00 to $41.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th. Industrial Alliance Securities set a $55.00 price objective on Rexford Industrial Realty in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.42.

Rexford Industrial Realty Stock Down 0.2 %

REXR stock opened at $40.65 on Monday. Rexford Industrial Realty, Inc. has a 52 week low of $36.92 and a 52 week high of $54.60. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.40. The firm has a 50-day simple moving average of $39.90 and a 200-day simple moving average of $45.09. The stock has a market capitalization of $9.04 billion, a P/E ratio of 33.05, a P/E/G ratio of 2.20 and a beta of 0.95.

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.