Soroban Capital Partners Reduces $195M in Rexford Industrial Realty, Inc. ($REXR)
Key Points
- Soroban Capital Partners changed its Rexford Industrial Realty, Inc. ($REXR) stake by 60.6% last quarter, cutting to 3,625,821 shares worth $127.23 million.
- Wall Street's consensus rating on $REXR is Buy and an average price target of $39.44.
- $REXR last traded around $35.09.
Soroban Capital Partners reduced its position in Rexford Industrial Realty, Inc. ($REXR) by 60.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,625,821 shares of Rexford Industrial Realty, Inc. after selling 5,565,217 shares during the quarter. Soroban Capital Partners's holdings in Rexford Industrial Realty, Inc. were worth $127.23 million as of its most recent filing.
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About Rexford Industrial Realty, Inc.
Rexford Industrial Realty, Inc. creates value by investing in, operating and repositioning industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand with lowest-supply major market in the nation over the long term. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprised 419 properties with approximately 51.2 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange. Rexford Industrial is an S&P MidCap 400 Index member. Rexford Industrial Realty, Inc. was incorporated on January 18th, 2013 and is based in Los Angeles, United States.
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