Today, a Director at Rexford Realty (NYSE: REXR), Richard Ziman, sold shares of REXR for $3.2M.
Following Richard Ziman’s last REXR Sell transaction on September 14, 2015, the stock climbed by 19.6%. This is Ziman’s first Sell trade following 3 Buy transactions.
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Based on Rexford Realty’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $51.76 million and quarterly net profit of $7.6 million. In comparison, last year the company earned revenue of $36.23 million and had a net profit of $19.17 million. REXR’s market cap is $2.88B and the company has a P/E ratio of 85.41. Currently, Rexford Realty has an average volume of 271.2K.
The insider sentiment on Rexford Realty has been negative according to 12 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Rexford Industrial Realty, Inc. is a self-administered and self-managed real estate investment trust, which engages in owning, operating, and acquiring industrial properties. The company was founded on January 18, 2013 and is headquartered in Los Angeles, CA.
