First Foundation Advisors Lowers stake in Rexford Industrial Realty Inc (REXR)

Rexford Industrial Realty Inc (REXR) : First Foundation Advisors reduced its stake in Rexford Industrial Realty Inc by 37.98% during the most recent quarter end. The investment management company now holds a total of 1,079,058 shares of Rexford Industrial Realty Inc which is valued at $22,692,590 after selling 660,893 shares in Rexford Industrial Realty Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Rexford Industrial Realty Inc makes up approximately 1.61% of First Foundation Advisors’s portfolio.

Other Hedge Funds, Including , Millennium Management boosted its stake in REXR in the latest quarter, The investment management firm added 93,257 additional shares and now holds a total of 1,291,673 shares of Rexford Industrial Realty Inc which is valued at $27,163,883. Rexford Industrial Realty Inc makes up approx 0.05% of Millennium Management’s portfolio.Dimensional Fund Advisors Lp boosted its stake in REXR in the latest quarter, The investment management firm added 43,393 additional shares and now holds a total of 689,006 shares of Rexford Industrial Realty Inc which is valued at $14,103,953. Rexford Industrial Realty Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Emerald Acquisition Ltd. reduced its stake in REXR by selling 211,708 shares or 25.43% in the most recent quarter. The Hedge Fund company now holds 620,932 shares of REXR which is valued at $12,840,874. Rexford Industrial Realty Inc makes up approx 0.03% of Emerald Acquisition Ltd.’s portfolio.First Trust Advisors Lp boosted its stake in REXR in the latest quarter, The investment management firm added 15,386 additional shares and now holds a total of 119,101 shares of Rexford Industrial Realty Inc which is valued at $2,449,908. Rexford Industrial Realty Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio.Nationwide Fund Advisors boosted its stake in REXR in the latest quarter, The investment management firm added 19,842 additional shares and now holds a total of 87,063 shares of Rexford Industrial Realty Inc which is valued at $1,935,410. Rexford Industrial Realty Inc makes up approx 0.01% of Nationwide Fund Advisors’s portfolio.

Rexford Industrial Realty Inc opened for trading at $21.34 and hit $22.02 on the upside on Monday, eventually ending the session at $22.01, with a gain of 3.19% or 0.68 points. The heightened volatility saw the trading volume jump to 5,08,358 shares. Company has a market cap of $1,454 M.

On the company’s financial health, Rexford Industrial Realty Inc reported $0.21 EPS for the quarter, based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus estimate of $0.21. The company had revenue of $32.94 million for the quarter, compared to analysts expectations of $31.37 million. The company’s revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Rexford Industrial Realty Inc. is a self-administered and self-managed full-service real estate investment trust (REIT) focused on owning operating and acquiring industrial properties in Southern California infill markets. The Company owns interests in approximately 120 properties with approximately 11.7 million rentable square feet. The Company also owns 601-605 S. Milliken Ave property located in Ontario California which comprises approximately three buildings containing approximately 128320 square feet on approximately 7.32 acres of land. It owns an interest in a joint venture (the JV) that indirectly owns one property with approximately 0.5 million square feet which the Company also manage. In addition the Company manages an additional 20 properties with approximately 1.2 million rentable square feet. The Company’s properties are concentrated in industries such as wholesale and retail light manufacturing warehousing and storage and business services.

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