Whittier Trust Co. of Nevada Inc. Boosts Position in Rexford Industrial Realty, Inc. $REXR

Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 39.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 171,477 shares of the real estate investment trust’s stock after acquiring an additional 48,187 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.07% of Rexford Industrial Realty worth $7,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Rexford Industrial Realty by 3.5% in the 1st quarter. Royal Bank of Canada now owns 251,550 shares of the real estate investment trust’s stock worth $9,849,000 after purchasing an additional 8,506 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Rexford Industrial Realty by 309.8% during the 1st quarter. AQR Capital Management LLC now owns 118,245 shares of the real estate investment trust’s stock valued at $4,628,000 after purchasing an additional 89,390 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Rexford Industrial Realty by 41.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,811,775 shares of the real estate investment trust’s stock valued at $70,931,000 after buying an additional 526,877 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Rexford Industrial Realty by 202.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,574 shares of the real estate investment trust’s stock worth $2,323,000 after buying an additional 41,907 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in Rexford Industrial Realty by 10.8% in the second quarter. Park Avenue Securities LLC now owns 10,259 shares of the real estate investment trust’s stock worth $365,000 after buying an additional 1,004 shares in the last quarter. Institutional investors own 99.52% of the company’s stock.

Insider Activity

In related news, CEO Michael S. Frankel sold 20,318 shares of the stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $41.61, for a total transaction of $845,431.98. Following the sale, the chief executive officer directly owned 602,288 shares of the company’s stock, valued at approximately $25,061,203.68. This represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 57,118 shares of company stock valued at $2,345,706. 1.20% of the stock is owned by insiders.

Rexford Industrial Realty Stock Up 1.4%

Shares of NYSE:REXR opened at $39.91 on Monday. 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 stock has a fifty day simple moving average of $40.41 and a two-hundred day simple moving average of $40.33. Rexford Industrial Realty, Inc. has a 12-month low of $29.68 and a 12-month high of $44.38. The stock has a market capitalization of $9.29 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 2.52 and a beta of 1.22.

Analyst Ratings Changes

Several research firms have weighed in on REXR. Wells Fargo & Company lifted their price objective on Rexford Industrial Realty from $40.00 to $47.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Robert W. Baird set a $41.00 price target on Rexford Industrial Realty in a research report on Thursday, January 8th. Wolfe Research cut Rexford Industrial Realty from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 20th. UBS Group set a $44.00 price objective on Rexford Industrial Realty in a research report on Monday, November 10th. Finally, Truist Financial reduced their target price on shares of Rexford Industrial Realty from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rexford Industrial Realty has a consensus rating of “Hold” and an average price target of $43.00.

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.