Koa Wealth Management LLC Has $1.27 Million Stock Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Koa Wealth Management LLC raised its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 357.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,766 shares of the real estate investment trust’s stock after purchasing an additional 25,600 shares during the quarter. Koa Wealth Management LLC’s holdings in Rexford Industrial Realty were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Rexford Industrial Realty during the 3rd quarter valued at about $3,376,000. Asset Management One Co. Ltd. increased its holdings in shares of Rexford Industrial Realty by 15.8% during the third quarter. Asset Management One Co. Ltd. now owns 471,682 shares of the real estate investment trust’s stock worth $23,730,000 after buying an additional 64,264 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Rexford Industrial Realty by 26.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,571 shares of the real estate investment trust’s stock worth $226,575,000 after acquiring an additional 954,202 shares in the last quarter. M&G PLC boosted its holdings in shares of Rexford Industrial Realty by 24.0% in the 3rd quarter. M&G PLC now owns 935,892 shares of the real estate investment trust’s stock worth $46,795,000 after acquiring an additional 180,940 shares in the last quarter. Finally, Graham Capital Wealth Management LLC bought a new stake in Rexford Industrial Realty during the 3rd quarter worth approximately $2,215,000. 99.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on REXR shares. Evercore ISI reissued an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Rexford Industrial Realty in a report on Tuesday, January 14th. They set a “hold” rating and a $40.00 price objective on the stock. Mizuho dropped their target price on shares of Rexford Industrial Realty from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Bank of America cut shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and decreased their price target for the company from $66.00 to $49.00 in a research note on Monday, October 21st. Finally, Scotiabank cut shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Rexford Industrial Realty currently has a consensus rating of “Hold” and an average target price of $49.42.

Rexford Industrial Realty Trading Up 0.7 %

NYSE:REXR opened at $40.68 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. Rexford Industrial Realty, Inc. has a 1-year low of $36.92 and a 1-year high of $54.60. The firm has a market capitalization of $9.05 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.20 and a beta of 0.95. The business’s 50-day moving average price is $39.93 and its two-hundred day moving average price is $45.22.

Rexford Industrial Realty Profile

Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities.