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Rexford Industrial Realty, Inc. (REXR) Trades at 52-Week High

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01 September, 2017

Over the past five trading sessions shares of CARBO Ceramics Inc. The 1492 Capital Management Llc holds 200,131 shares with $4.47M value, down from 272,846 last quarter. The stock rose 0.10% or $0.03 reaching $29.24. Its down 1.38% from 1.35M shares previously. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since August 29, 2016 and is uptrending. It has outperformed by 71.09% the S&P500. The value of the total investment in Rexford Industrial Realty, Inc. decreased from $9,301,000 to $5,379,000 a change of 42.2% quarter over quarter. This indicates more upside for the $2.11B company. Nomura Asset Mgmt Com reported 0.02% stake. The company has a consensus rating of "Buy" and a consensus target price of $30.43. About 1,312 shares traded.

The company now has a P/E ratio of 63.53 and the market cap is 2.10B. It has outperformed by 94.41% the S&P500. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. Rexford Industrial had 19 analyst reports since July 21, 2015 according to SRatingsIntel. A recent bid put the stock price near $30.25. The company was downgraded on Tuesday, February 23 by Morgan Stanley. Dougherty & Company maintained BioTelemetry, Inc. The stock of Lockheed Martin Corporation (NYSE:LMT) has "Buy" rating given on Wednesday, August 19 by Citigroup.

1492 Capital Management Llc increased Ani Pharmaceuticals Inc. Wbi Investments Inc sold 87,406 shares as the company's stock rose 14.49% with the market. Short interest decreased from 1,334,009 to 1,212,980 over that timeframe. Its down 0.12, from 1.42 in 2016Q3. The number of shares now owned by investors are 25.06 mln. 26 funds opened positions while 52 raised stakes. Highland Limited Liability Company reported 3,481 shares or 0.07% of all its holdings. Acadian Asset Mngmt Limited Com, a Massachusetts-based fund reported 567,591 shares. Goldman Sachs Grp holds 0% or 181,839 shares in its portfolio. Mantle Ridge LP also sold $84.00 million worth of CSX Corporation (NASDAQ:CSX) shares. 63,213 are held by Indexiq Advsr Limited Liability. The dividend payment will be $0.145 per share for the quarter which is $0.58 annualized. (NASDAQ:BEAT) for 22,400 shares. Dubuque Commercial Bank & Tru reported 0% stake. It also reduced its holding in Cullen Frost Bankers (NYSE:CFR) by 95,400 shares in the quarter, leaving it with 307,000 shares, and cut its stake in Carnival Corp (NYSE:CCL). Arizona State Retirement System has invested 0% in BioTelemetry, Inc. Tower Cap Ltd Liability Corp (Trc) reported 0.01% stake. Jefferies Group LLC restated a "buy" rating and issued a $34.00 target price (up from $32.00) on shares of Rexford Industrial Realty in a research note on Thursday, August 24th. Despite this, REXR has increased its FFO 7.15% in 2016 and 8.7% in the last quarter, meaning higher occupancy rates will further increase owned asset yields, FFO, and subsequently, dividends. Its up 0.08, from 0.73 in 2016Q3. 29 funds opened positions while 56 raised stakes. Gam Holdg Ag has 0% invested in Rexford Industrial Realty Inc (NYSE:REXR). 84,148 are held by Nationwide Fund.

This table compares Prologis and Rexford Industrial Realty's gross revenue, earnings per share and valuation. Covington Capital stated it has 26,090 shares or 0.05% of all its holdings.

Since March 7, 2017, it had 0 insider purchases, and 1 insider sale for $84.00 million activity. Alethea Limited Liability owns 8,502 shares for 2.68% of their portfolio. Credit Suisse Ag has invested 0.01% in Rexford Industrial Realty Inc (NYSE:REXR). Swiss Natl Bank holds 0% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR) for 108,616 shares.

Among 11 analysts covering Rexford Industrial (NYSE:REXR), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Vale S.A. had 58 analyst reports since August 3, 2015 according to SRatingsIntel. Zacks Investment Research upgraded Rexford Industrial Realty from a "hold" rating to a "buy" rating and set a $32.00 target price for the company in a research note on Tuesday, August 22nd. Jefferies Group LLC reiterated a "buy" rating and issued a $32.00 price objective on shares of Rexford Industrial Realty in a research note on Tuesday, July 25th. Jefferies maintained the stock with "Buy" rating in Friday, June 23 report. The stock is performing -33.46% year to date.

Additionally the company announced a dividend to be paid on Monday the 16th of October 2017.

Rexford Industrial Realty, Inc., launched on January 18, 2013, is a self-administered and self-managed full-service real estate investment trust (REIT). The Company is focused on owning, operating and acquiring industrial properties in Southern California infill markets. It has a 64.28 P/E ratio. Rexford Industrial Realty, L.P.is the operating partnership of the Company.

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