Whittier Trust Co. of Nevada Inc. Boosts Stock Position in Rexford Industrial Realty, Inc. (NYSE:REXR)

Whittier Trust Co. of Nevada Inc. raised its holdings in Rexford Industrial Realty, Inc. (NYSE:REXR - Free Report) by 7,979.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 120,390 shares of the real estate investment trust's stock after purchasing an additional 118,900 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned 0.05% of Rexford Industrial Realty worth $4,712,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REXR. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Rexford Industrial Realty by 332.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 736 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 566 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Rexford Industrial Realty by 118.4% in the first quarter. Bessemer Group Inc. now owns 747 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 405 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Rexford Industrial Realty by 95.6% during the 1st quarter. Private Trust Co. NA now owns 757 shares of the real estate investment trust's stock worth $30,000 after buying an additional 370 shares during the period. Quantbot Technologies LP acquired a new position in shares of Rexford Industrial Realty during the 4th quarter worth approximately $33,000. Finally, GAMMA Investing LLC lifted its position in shares of Rexford Industrial Realty by 211.2% during the 1st quarter. GAMMA Investing LLC now owns 1,441 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 978 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Rexford Industrial Realty Stock Down 1.3%

Rexford Industrial Realty stock traded down $0.46 during midday trading on Thursday, reaching $35.86. The company's stock had a trading volume of 4,024,556 shares, compared to its average volume of 2,226,801. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a fifty-two week low of $29.68 and a fifty-two week high of $52.61. The company has a market cap of $8.49 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.32 and a beta of 1.13. The business has a 50-day simple moving average of $36.02 and a 200-day simple moving average of $37.31.

Rexford Industrial Realty (NYSE:REXR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.01. Rexford Industrial Realty had a return on equity of 3.31% and a net margin of 28.96%. The company had revenue of $241.57 million for the quarter, compared to analyst estimates of $251.72 million. During the same quarter last year, the company posted $0.60 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

REXR has been the subject of a number of research reports. Scotiabank reduced their price target on shares of Rexford Industrial Realty from $39.00 to $37.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. JPMorgan Chase & Co. dropped their price target on Rexford Industrial Realty from $44.00 to $37.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Truist Financial lowered their target price on shares of Rexford Industrial Realty from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Industrial Alliance Securities set a $38.00 target price on shares of Rexford Industrial Realty in a research report on Tuesday, March 25th. Finally, Robert W. Baird set a $43.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Rexford Industrial Realty presently has an average rating of "Hold" and a consensus target price of $40.00.

Rexford Industrial Realty Company Profile

Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning and operating industrial properties in infill markets. The company was founded by Richard S. Ziman on January 18, 2013 and is headquartered in Los Angeles, CA.