Large Inflow of Money Witnessed in Rexford Industrial Realty

Rexford Industrial Realty (REXR) : On Thursday, The money flowed into the Rexford Industrial Realty (REXR) stock with an uptick to downtick ratio was recorded at 5.21. Transactions worth $3.45 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.66 million. The total money flow into the stock was $2.78 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $2.72 million of block transactions on upticks. The total money flow in block trades was $2.72 million. In terms of price action, Rexford Industrial Realty (REXR) traded down $0.29 during the session at $20.9. Compared to the previous days closing, the stock was down only by -1.37%. For the week, the stock is -0.85%, over previous weeks closing.


Rexford Industrial Realty (REXR) : The highest short term price target forecast on Rexford Industrial Realty (REXR) is $24 and the lowest target price is $17. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $20.93 with a standard deviation of $2.35. The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 4.62%.

Rexford Industrial Realty (NYSE:REXR): The stock opened at $21.17 on Thursday but the bulls could not build on the opening and the stock topped out at $21.23 for the day. The stock traded down to $20.77 during the day, due to lack of any buying support eventually closed down at $20.91 with a loss of -1.32% for the day. The stock had closed at $21.19 on the previous day. The total traded volume was 450,533 shares.

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 128,320 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 Companys properties are concentrated in industries, such as wholesale and retail, light manufacturing, warehousing and storage, and business services.

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