Knights of Columbus Asset Advisors LLC Acquires Shares of 45,696 Rexford Industrial Realty, Inc. $REXR

Knights of Columbus Asset Advisors LLC bought a new position in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) during the third quarter, Holdings Channel.com reports. The firm bought 45,696 shares of the real estate investment trust’s stock, valued at approximately $1,879,000.

Several other institutional investors have also recently made changes to their positions in REXR. Royal Bank of Canada boosted its position in shares of Rexford Industrial Realty by 3.5% during the first quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock valued at $9,849,000 after purchasing an additional 8,506 shares in the last quarter. AQR Capital Management LLC lifted its position in Rexford Industrial Realty by 309.8% during the first quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after buying an additional 89,390 shares during the period. Goldman Sachs Group Inc. lifted its position in Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after buying an additional 526,877 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Rexford Industrial Realty during the 2nd quarter valued at $1,310,000. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Rexford Industrial Realty by 10.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 49,400 shares of the real estate investment trust’s stock worth $1,775,000 after acquiring an additional 4,500 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Rexford Industrial Realty Stock Performance

REXR stock opened at $40.50 on Friday. The stock’s 50 day simple moving average is $40.32 and its 200 day simple moving average is $40.38. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $44.38. The stock has a market capitalization of $9.43 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 2.53 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on REXR shares. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a research note on Tuesday, January 13th. Wolfe Research downgraded Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. Scotiabank raised their price objective on Rexford Industrial Realty from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. Robert W. Baird set a $41.00 target price on Rexford Industrial Realty in a report on Thursday, January 8th. Finally, BNP Paribas Exane cut Rexford Industrial Realty to a “hold” rating in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Insider Buying and Selling at Rexford Industrial Realty

In other news, CEO Michael S. Frankel sold 20,318 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $41.61, for a total transaction of $845,431.98. Following the transaction, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at $25,061,203.68. This represents a 3.26% 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 sold a total of 57,118 shares of company stock valued at $2,345,706 in the last three months. 1.20% of the stock is owned by insiders.

Rexford Industrial Realty Company 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.