According to the most recent filing that the company has made with the Securities and Exchange Commission (SEC), Form 13F, Rexford Industrial Realty, Inc. (NYSE: REXR), was purchased during the third quarter by Great West Life Assurance Company of Canada (SEC). The company purchased a total of 257,328 shares of stock in the real estate investment trust for a total expenditure of close to $13,372,000. At the end of the most recent financial quarter, the Great West Life Assurance Company of Canada owned 0.14% of the shares issued by Rexford Industrial Realty.
In addition, notable investors have recently been active in the market, buying and selling company shares in various transactions. During the first three months of the year, Vanguard Group Inc. increased the proportion of its holdings allocated to Rexford Industrial Realty by 7.5%. There are currently 22,698,814 shares of the real estate investment trust’s stock owned by Vanguard Group Inc. These shares have a combined value of $1,693,104,000. This comes from purchasing an additional 1,587,612 shares during the fiscal quarter. The amount of Rexford Industrial Realty owned by Principal Financial Group Inc. increased by 17.2% over the second quarter. Principal Financial Group Inc. now has 11,201,375 shares of the real estate investment trust following the purchase of an additional 1,643,386 shares during the most recent quarter. The shares have a combined value of $645,091,000 thanks to Principal Financial Group, Inc.’s investment. During the second quarter, the State Street Corporation achieved a 2.4% increase in the proportion of ownership it held in Rexford Industrial Realty. State Street Corporation now has 8,829,641 shares of the real estate investment trust following purchasing an additional 202,852 shares during the most recent quarter. The value of these shares has increased to $511,175,000 due to this increase. DURING THE SECOND QUARTER, Price T. Rowe Associates Inc. (MD) increased the percentage of its holdings allocated to Rexford Industrial Realty by 27.5%. Price T. Rowe Associates Inc. (MD) now has 6,601,949 shares of the real estate investment trust in its possession. These shares have a value of $380,206, thanks to the fact that the company made an additional purchase of 1,422,052 during the most recent quarter.
Last but not least, during the first three months of this year, Prudential Financial Inc. increased the proportion of Rexford Industrial Realty that it owned by 6.8 percentage points. Prudential Financial Inc. now has a total of 2,132,727 shares of the real estate investment trust following purchasing an additional 136,151 shares during the most recent quarter. The current value of these shares is $159,080,000. Shares of the company are owned by hedge funds and other institutional investors, who collectively account for 98.77% of the total.
Recent studies have concentrated their attention on REXR, making it the subject of several separate investigations. StockNews.com debuted its coverage of shares of Rexford Industrial Realty on October 12 with the publication of a research note that announced the website’s intention to begin tracking the company. They recommended “selling” the stock to prospective buyers. Stifel Nicolaus published a research note on Wednesday, October 12, announcing that it would begin covering shares of Rexford Industrial Realty. They suggested that investors purchased the stock and determined that a price target of $65.00 was appropriate. Robert W. Baird lowered their price objective on Rexford Industrial Realty on Monday, October 24, in a research report that was made public. The new price objective is $69.00, down from $70.00. The price of $77.0 was initially intended to be the target. Wells Fargo & Company raised their price target on shares of Rexford Industrial Realty to $68.00 in a research report released on Wednesday, December 14. The report was published online.
When trading for the day began on Thursday, the price of a share of REXR was $59.47. The company’s market capitalization is currently sitting at $10.91 billion, its P/E/G ratio is 3.17, and its beta value is 0.80. All three ratios, the current ratio, the quick ratio, and the debt-to-equity ratio, have the same value of 0.44. There is no difference between these three. Rexford Industrial Realty, Inc. hit a low point in its stock price over the past year of $48.74, while the company reached a high point of $84.68. The company’s simple moving average over the past 50 days is $55.33, and the simple moving average over the past 200 days is $57.82.
In the infill markets of Southern California, the industrial properties are owned by a real estate investment trust known as Rexford Industrial. This trust also manages the properties in question. It manages an additional 20 properties with a total of over 1.0 million rentable square feet and its ownership of 232 buildings with over 27.9 million rentable square feet.