The company shares of Rexford Industrial Realty, Inc. increased by 1.16 percent last week and 8.58 percent for the previous month. In the previous week, the shares dominated the S&P 500 by 0.12 percent and it rose to 6.9 percent.
The Friday session ended in red amid unstable trading for Rexford Industrial Realty Inc. shares. The shares concluded at 0.22 percent or 0.03 points at $13.92 with 208,907 shares being traded. The shares hit an intraday low of $13.74, via post opening session at $13.87, the price dither in this rate in the entire day. The market cap of Rexford is at $773 million and the volume of outstanding shares has been gauged to be 55,530,000 shares. Rexford's 52-week low is at $12.57, while the high is at $16.79.
The firm shares fell at 0.57 percent in the previous 52 weeks. The shares listed a year increase of $16.79 on Jan. 27, 2015, a year low on Aug. 26, 2015, while the 50-day moving standard is $13.38 and the 200 day moving standard is $14.62 recorded. S&P 500 has increased at 0.84 percent.
Rexford Industrial Realty, Inc. is a real estate investment trust (REIT) firm that is good in operating, acquiring and owning commercial properties based in Southern California.
"This property provides a meaningful value creation opportunity for Rexford Industrial within a key target infill market at attractive pricing. Upon the completion of capital expenditures, including functional enhancements and cosmetic upgrades, we believe the buildings will command premium rents and drive above-market returns for our shareholders," says Michael Frankel and Howard Schwimmer, Rexford's Co-Chief Executive Officers.
It owns interests in over 64 properties approaching 8 million rentable square feet, and manages an additional 20 properties with 1.2 million rentable square feet. In June 2014, it acquired 83,852 square foot of industrial building along with additional land, which together total 7.9 acres.
In the first half of 2014, the company bought a two-building industrial complex which has 110,890 square feet on 5.7 acres, according to Dupont Business Center. The company also purchased an 817,166 square feet property, nine property industrial portfolio, the Chatsworth industrial park which is at 153,212 square foot in West San Fernando Valley and Avenue Kearny, and a 100,500 square foot commercial building.
