Institutional Investors Are Buying Rexford Industrial Realty Inc (NYSE:REXR)

April 17, 2018 - By Henry Gaston

Rexford Industrial Realty, Inc. (NYSE:REXR) Logo

Sentiment for Rexford Industrial Realty Inc (NYSE:REXR)

Rexford Industrial Realty Inc (NYSE:REXR) institutional sentiment decreased to 1.32 in Q4 2017. Its down -1.28, from 2.6 in 2017Q3. The ratio dropped, as 87 institutional investors increased or started new positions, while 66 reduced and sold their equity positions in Rexford Industrial Realty Inc. The institutional investors in our partner’s database now possess: 76.51 million shares, up from 75.36 million shares in 2017Q3. Also, the number of institutional investors holding Rexford Industrial Realty Inc in their top 10 positions decreased from 2 to 1 for a decrease of 1. Sold All: 20 Reduced: 46 Increased: 65 New Position: 22.

Rexford Industrial Realty, Inc. is an equity real estate investment trust. The company has market cap of $2.37 billion. The firm invests in the real estate markets of Southern California, United States. It has a 61.33 P/E ratio. It engages in owning, operating and acquiring industrial properties.

The stock increased 3.19% or $0.91 during the last trading session, reaching $29.44. About 782,874 shares traded or 35.40% up from the average. Rexford Industrial Realty, Inc. (NYSE:REXR) has risen 29.43% since April 17, 2017 and is uptrending. It has outperformed by 17.88% the S&P500.

Analysts await Rexford Industrial Realty, Inc. (NYSE:REXR) to report earnings on May, 2. They expect $0.25 EPS, up 8.70 % or $0.02 from last year’s $0.23 per share. REXR’s profit will be $20.13M for 29.44 P/E if the $0.25 EPS becomes a reality. After $0.26 actual EPS reported by Rexford Industrial Realty, Inc. for the previous quarter, Wall Street now forecasts -3.85 % negative EPS growth.

Grs Advisors Llc holds 5.79% of its portfolio in Rexford Industrial Realty, Inc. for 343,273 shares. Aew Capital Management L P owns 3.72 million shares or 2.81% of their US portfolio. Moreover, First Foundation Advisors has 1.92% invested in the company for 1.22 million shares. The Illinois-based Heitman Real Estate Securities Llc has invested 1.48% in the stock. Phocas Financial Corp., a California-based fund reported 520,113 shares.#img1#

Rexford Industrial Realty, Inc. (NYSE:REXR) Ratings Coverage

Ratings analysis reveals 50% of Rexford Realty’s analysts are positive. Out of 6 Wall Street analysts rating Rexford Realty, 3 give it “Buy”, 2 “Sell” rating, while 1 recommend “Hold”. The lowest target is $29.0 while the high is $36.0. The stock’s average target of $31.40 is 6.66% above today’s ($29.44) share price. REXR was included in 8 notes of analysts from October 30, 2017. The rating was maintained by Jefferies with “Buy” on Friday, November 24. The rating was downgraded by JP Morgan to “Underweight” on Friday, December 15. Jefferies maintained Rexford Industrial Realty, Inc. (NYSE:REXR) on Friday, February 16 with “Buy” rating. The stock of Rexford Industrial Realty, Inc. (NYSE:REXR) has “Sell” rating given on Friday, December 15 by J.P. Morgan. The firm earned “Buy” rating on Monday, October 30 by Jefferies. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, February 14.

Rexford Industrial Realty, Inc. (NYSE:REXR) Institutional Positions Chart

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