Koa Wealth Management LLC Has $1.67 Million Position in Rexford Industrial Realty, Inc. $REXR

Koa Wealth Management LLC increased its position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 120.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,625 shares of the real estate investment trust’s stock after purchasing an additional 22,168 shares during the period. Rexford Industrial Realty makes up about 1.2% of Koa Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Koa Wealth Management LLC’s holdings in Rexford Industrial Realty were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Rexford Industrial Realty during the third quarter worth $100,000. Avantra Family Wealth Inc. bought a new position in shares of Rexford Industrial Realty in the 3rd quarter valued at $267,000. TD Private Client Wealth LLC raised its holdings in shares of Rexford Industrial Realty by 43.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 15,248 shares of the real estate investment trust’s stock worth $627,000 after buying an additional 4,585 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth $41,000. Finally, Nordea Investment Management AB boosted its stake in Rexford Industrial Realty by 3.4% in the third quarter. Nordea Investment Management AB now owns 217,031 shares of the real estate investment trust’s stock valued at $8,900,000 after buying an additional 7,086 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Insider Buying and Selling at Rexford Industrial Realty

In related news, CEO Michael S. Frankel sold 18,750 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $40.06, for a total value of $751,125.00. Following the sale, the chief executive officer owned 583,538 shares of the company’s stock, valued at $23,376,532.28. The trade was a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 57,118 shares of company stock valued at $2,345,706 over the last quarter. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on REXR shares. Evercore ISI lowered their target price on Rexford Industrial Realty from $41.00 to $40.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Mizuho lifted their price target on shares of Rexford Industrial Realty from $40.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Truist Financial upped their price objective on shares of Rexford Industrial Realty from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wells Fargo & Company increased their price objective on shares of Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research note on Monday, October 27th. Finally, Scotiabank upped their price target on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Rexford Industrial Realty presently has a consensus rating of “Hold” and a consensus price target of $43.08.

Rexford Industrial Realty Stock Up 0.2%

Shares of NYSE REXR opened at $41.04 on Friday. The company has a 50 day simple moving average of $40.59 and a 200 day simple moving average of $40.14. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.95 and a quick ratio of 2.95. Rexford Industrial Realty, Inc. has a 1 year low of $29.68 and a 1 year high of $44.38. The firm has a market cap of $9.55 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.58 and a beta of 1.22.

Rexford Industrial Realty (NYSE:REXR) last announced its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $253.24 million during the quarter, compared to analysts’ expectations of $253.46 million. Rexford Industrial Realty had a net margin of 33.88% and a return on equity of 3.81%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. On average, research analysts forecast that Rexford Industrial Realty, Inc. will post 2.38 EPS for the current year.

Rexford Industrial Realty Profile

Rexford Industrial Realty, Inc (NYSE: REXR) is a real estate investment trust (REIT) specializing in the acquisition, ownership and operation of industrial properties in Southern California. The company’s portfolio is concentrated in infill locations across key supply-chain markets, where it targets modern distribution centers, logistics facilities and light manufacturing spaces. Rexford’s strategy emphasizes buildings that offer proximity to major transportation routes and labor pools, catering to tenants in e-commerce, third-party logistics and manufacturing industries.

Since its founding in 2013, Rexford Industrial Realty has executed a disciplined growth plan driven by property acquisitions, selective development projects and strategic value-add initiatives.