California State Teachers Retirement System Lowers Stake in Rexford Industrial Realty Inc (NYSE:REXR)

California State Teachers Retirement System lowered its position in Rexford Industrial Realty Inc (NYSE:REXR) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,984 shares of the real estate investment trust’s stock after selling 4,315 shares during the quarter. California State Teachers Retirement System owned 0.15% of Rexford Industrial Realty worth $3,234,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in shares of Rexford Industrial Realty by 93.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,235,956 shares of the real estate investment trust’s stock worth $92,613,000 after buying an additional 1,562,996 shares during the period. Vanguard Group Inc. lifted its position in shares of Rexford Industrial Realty by 16.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,200,033 shares of the real estate investment trust’s stock worth $252,449,000 after buying an additional 1,282,548 shares during the period. 1060 Capital LLC bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $15,172,000. Eagle Asset Management Inc. bought a new position in shares of Rexford Industrial Realty during the 3rd quarter worth approximately $15,020,000. Finally, Renaissance Technologies LLC lifted its position in shares of Rexford Industrial Realty by 191.9% during the 2nd quarter. Renaissance Technologies LLC now owns 673,300 shares of the real estate investment trust’s stock worth $18,475,000 after buying an additional 442,600 shares during the period.

Several research firms recently commented on REXR. Zacks Investment Research downgraded Rexford Industrial Realty from a “buy” rating to a “sell” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. downgraded Rexford Industrial Realty from a “neutral” rating to an “underweight” rating and set a $29.00 target price for the company. in a research report on Friday, December 15th. National Securities restated a “buy” rating and set a $34.00 target price on shares of Rexford Industrial Realty in a research report on Monday, November 27th. B. Riley restated a “neutral” rating on shares of Rexford Industrial Realty in a research report on Tuesday, November 7th. Finally, BidaskClub raised Rexford Industrial Realty from a “hold” rating to a “buy” rating in a report on Saturday, November 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. Rexford Industrial Realty presently has a consensus rating of “Hold” and an average target price of $30.78.

Rexford Industrial Realty Inc (REXR) traded down $0.56 during mid-day trading on Thursday, reaching $29.13. The company had a trading volume of 448,178 shares, compared to its average volume of 406,699. Rexford Industrial Realty Inc has a 12-month low of $21.34 and a 12-month high of $31.71. The firm has a market cap of $2,253.61, a PE ratio of 68.37, a price-to-earnings-growth ratio of 3.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.72 and a quick ratio of 0.72.

Rexford Industrial Realty (NYSE:REXR) last released its quarterly earnings results on Tuesday, October 31st. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The firm had revenue of $43.30 million during the quarter, compared to analysts’ expectations of $41.77 million. Rexford Industrial Realty had a return on equity of 3.39% and a net margin of 23.50%. The business’s revenue was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. equities research analysts forecast that Rexford Industrial Realty Inc will post 0.96 earnings per share for the current year.

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About Rexford Industrial Realty

Rexford Industrial Realty, Inc is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. Rexford Industrial Realty, L.P. is the operating partnership of the Company.

Institutional Ownership by Quarter for Rexford Industrial Realty (NYSE:REXR)

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