Mitra Capital adds Rexford Industrial Realty Inc (REXR) to its portfolio

Rexford Industrial Realty Inc (REXR) : Mitra Capital added new position in Rexford Industrial Realty Inc during the most recent quarter end. The investment management firm now holds 256,704 shares of Rexford Industrial Realty Inc which is valued at $5,398,485 , the company said in a statement filed on Nov 14, 2016 with the SEC.Rexford Industrial Realty Inc makes up approximately 18.63% of Mitra Capital’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in REXR by selling 62,133 shares or 26.47% in the most recent quarter. The Hedge Fund company now holds 172,621 shares of REXR which is valued at $3,499,028. Rexford Industrial Realty Inc makes up approx 0.01% of D. E. Shaw’s portfolio.Geode Capital Management boosted its stake in REXR in the latest quarter, The investment management firm added 25,262 additional shares and now holds a total of 540,063 shares of Rexford Industrial Realty Inc which is valued at $11,055,090. Rexford Industrial Realty Inc makes up approx 0.01% of Geode Capital Management’s portfolio.Teachers Advisors reduced its stake in REXR by selling 1,244 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 4,253,420 shares of REXR which is valued at $89,406,888. Rexford Industrial Realty Inc makes up approx 0.15% of Teachers Advisors’s portfolio.Strs Ohio reduced its stake in REXR by selling 1,892 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 116,925 shares of REXR which is valued at $2,447,240. Rexford Industrial Realty Inc makes up approx 0.01% of Strs Ohio’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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