Rexford Industrial RealtyREXR
About: Rexford Industrial Realty Inc is a real estate investment trust engaged in the acquisition, ownership, and operation of industrial properties in Southern California. The company mainly focuses on leasing facilities in infill markets or relatively wealthy urban areas with a general scarcity of developable land. The vast majority of Rexford's real estate portfolio, in terms of square footage, revenue generation, and total value, comprises light manufacturing and distribution warehouse buildings located in Los Angeles and San Diego. The company's tenants are firms in the wholesale and retail, light manufacturing, industrial equipment, and food and beverage industries.
Employees: 242
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more call options, than puts
Call options by funds: $15M | Put options by funds: $9.56M
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
24% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 46
15% more repeat investments, than reductions
Existing positions increased: 156 | Existing positions reduced: 136
12% more capital invested
Capital invested by funds: $10.6B [Q2] → $11.9B (+$1.28B) [Q3]
3% more funds holding
Funds holding: 388 [Q2] → 399 (+11) [Q3]
1.55% less ownership
Funds ownership: 109.11% [Q2] → 107.56% (-1.55%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Truist Securities Anthony Hau 38% 1-year accuracy 12 / 32 met price target | 28%upside $50 | Buy Maintained | 12 Nov 2024 |
Scotiabank Greg McGinniss 17% 1-year accuracy 2 / 12 met price target | 23%upside $48 | Sector Perform Downgraded | 25 Oct 2024 |
Financial journalist opinion
Based on 23 articles about REXR published over the past 30 days