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Rexford Industrial Realty, Inc. (REXR) is an equity real estate investment trust. The firm invests in the real estate markets of Southern California, United States. It engages in owning, operating and acquiring industrial properties.
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 Company's properties are concentrated in industries, such as wholesale and retail, light manufacturing, warehousing and storage, and business services.
Shares are heading higher in an upward trading channel. We expect shares to see a pullback today and come to the lower boundary of the "trading channel" shown in blue. We will use the pullback to establish a position.
52-Weeks Trading Channel: $12.57 - $16.98
Entry Point: $15.75
Stop Loss: $14.80
Target Price: $17.33
REXR closed at $17.40.
