Truist Financial Corp Grows Holdings in Rexford Industrial Realty, Inc. (NYSE:REXR)

Truist Financial Corp lifted its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXRGet Rating) by 3.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,153 shares of the real estate investment trust’s stock after buying an additional 310 shares during the quarter. Truist Financial Corp’s holdings in Rexford Industrial Realty were worth $476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Assetmark Inc. grew its holdings in Rexford Industrial Realty by 3,367.9% during the 2nd quarter. Assetmark Inc. now owns 971 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 943 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in Rexford Industrial Realty in the third quarter valued at about $127,000. First Manhattan Co. acquired a new stake in Rexford Industrial Realty during the first quarter valued at approximately $151,000. Whittier Trust Co. lifted its holdings in Rexford Industrial Realty by 394.1% during the 2nd quarter. Whittier Trust Co. now owns 3,083 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 2,459 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Rexford Industrial Realty by 17.4% in the 2nd quarter. Inspire Investing LLC now owns 3,673 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 545 shares in the last quarter. Institutional investors own 98.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on REXR shares. StockNews.com initiated coverage on shares of Rexford Industrial Realty in a report on Wednesday, October 12th. They issued a “sell” rating for the company. Stifel Nicolaus started coverage on shares of Rexford Industrial Realty in a report on Wednesday, October 12th. They issued a “buy” rating and a $64.00 target price on the stock. Wells Fargo & Company upped their target price on Rexford Industrial Realty to $68.00 in a report on Wednesday, December 14th. Finally, Robert W. Baird reduced their price objective on Rexford Industrial Realty from $77.00 to $71.00 in a research report on Monday, October 24th.

Rexford Industrial Realty Trading Up 2.3 %

Rexford Industrial Realty stock opened at $61.62 on Tuesday. The firm has a 50-day moving average price of $55.60 and a two-hundred day moving average price of $57.84. Rexford Industrial Realty, Inc. has a 52-week low of $48.74 and a 52-week high of $84.68. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 66.26, a PEG ratio of 3.24 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.30.

Rexford Industrial Realty Profile

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Rexford Industrial Realty, Inc is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013, and is headquartered in Los Angeles, CA.

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

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