Koa Wealth Management LLC Has $1.67 Million Stake in Rexford Industrial Realty, Inc. $REXR

Koa Wealth Management LLC lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 120.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,625 shares of the real estate investment trust’s stock after acquiring an additional 22,168 shares during the quarter. Rexford Industrial Realty makes up about 1.2% of Koa Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Koa Wealth Management LLC’s holdings in Rexford Industrial Realty were worth $1,670,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in REXR. Quent Capital LLC acquired a new stake in Rexford Industrial Realty during the 3rd quarter valued at $41,000. Farther Finance Advisors LLC raised its position in shares of Rexford Industrial Realty by 174.1% in the third quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 780 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Rexford Industrial Realty by 2,331.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,459 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,399 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Rexford Industrial Realty by 69.0% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,834 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 749 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Rexford Industrial Realty during the 3rd quarter worth about $100,000. Institutional investors own 99.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on REXR shares. Scotiabank raised their price objective on shares of Rexford Industrial Realty from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Truist Financial increased their target price on Rexford Industrial Realty from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Barclays reissued an “underweight” rating on shares of Rexford Industrial Realty in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rexford Industrial Realty in a report on Wednesday, October 8th. Finally, Cantor Fitzgerald assumed coverage on Rexford Industrial Realty in a research report on Wednesday, October 1st. They set an “overweight” rating and a $50.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rexford Industrial Realty has an average rating of “Hold” and a consensus price target of $43.08.

Rexford Industrial Realty Stock Up 0.2%

NYSE REXR opened at $41.04 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.37. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 28.90, a PEG ratio of 2.58 and a beta of 1.22. The company has a 50 day moving average of $40.59 and a 200-day moving average of $40.14. Rexford Industrial Realty, Inc. has a 1-year low of $29.68 and a 1-year high of $44.38.

Rexford Industrial Realty (NYSE:REXR) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $253.24 million for the quarter, compared to analyst estimates of $253.46 million. Rexford Industrial Realty had a return on equity of 3.81% and a net margin of 33.88%.The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.59 EPS. On average, equities research analysts expect that Rexford Industrial Realty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Michael S. Frankel sold 18,750 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $40.06, for a total value of $751,125.00. Following the transaction, the chief executive officer owned 583,538 shares in the company, valued at approximately $23,376,532.28. This trade represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 57,118 shares of company stock worth $2,345,706. Corporate insiders own 1.20% of the company’s stock.

About Rexford Industrial Realty

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.