Pacer Advisors Inc. Has $7.99 Million Stake in Rexford Industrial Realty, Inc. (NYSE:REXR)

Pacer Advisors Inc. lessened its stake in shares of Rexford Industrial Realty, Inc. (NYSE:REXR) by 9.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 206,557 shares of the real estate investment trust’s stock after selling 20,822 shares during the period. Pacer Advisors Inc. owned about 0.09% of Rexford Industrial Realty worth $7,985,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV increased its stake in Rexford Industrial Realty by 56.2% during the 4th quarter. KBC Group NV now owns 8,872 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 3,191 shares during the period. Exchange Traded Concepts LLC raised its position in shares of Rexford Industrial Realty by 13.2% in the 4th quarter. Exchange Traded Concepts LLC now owns 3,172 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 371 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Rexford Industrial Realty by 38.9% during the 4th quarter. UMB Bank n.a. now owns 999 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 280 shares during the period. Legacy Wealth Asset Management LLC raised its stake in Rexford Industrial Realty by 21.8% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 14,607 shares of the real estate investment trust’s stock worth $565,000 after buying an additional 2,613 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Rexford Industrial Realty by 11.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 11,969 shares of the real estate investment trust’s stock valued at $463,000 after acquiring an additional 1,184 shares in the last quarter. 99.52% of the stock is owned by institutional investors.

Rexford Industrial Realty Stock Performance

Shares of NYSE:REXR opened at $40.43 on Thursday. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.16 and a beta of 0.95. The firm’s 50-day moving average is $39.95 and its 200 day moving average is $45.25. Rexford Industrial Realty, Inc. has a 12 month low of $36.92 and a 12 month high of $54.60. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America downgraded shares of Rexford Industrial Realty from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $66.00 to $49.00 in a report on Monday, October 21st. StockNews.com cut shares of Rexford Industrial Realty from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Evercore ISI restated an “outperform” rating on shares of Rexford Industrial Realty in a research note on Friday, October 18th. Scotiabank lowered shares of Rexford Industrial Realty from a “sector outperform” rating to a “sector perform” rating and cut their target price for the stock from $55.00 to $48.00 in a research report on Friday, October 25th. Finally, Industrial Alliance Securities set a $55.00 price target on shares of Rexford Industrial Realty in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Rexford Industrial Realty presently has a consensus rating of “Hold” and an average price target of $49.42.

Rexford Industrial Realty Company 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.