Center Coast Capital Advisors LP Trimmed By $49.74 Million Its Plains All Amer Pipeline LP (PAA) Stake; Heitman Real Estate Securities Has Raised Rexford Industrial Realty (REXR) Holding By $3.34 Million

May 21, 2018 - By Migdalia James

Rexford Industrial Realty, Inc. (NYSE:REXR) Logo

Center Coast Capital Advisors Lp decreased Plains All Amer Pipeline Lp (PAA) stake by 27.16% reported in 2017Q4 SEC filing. Center Coast Capital Advisors Lp sold 2.49M shares as Plains All Amer Pipeline Lp (PAA)’s stock rose 2.32%. The Center Coast Capital Advisors Lp holds 6.67 million shares with $137.65 million value, down from 9.16M last quarter. Plains All Amer Pipeline Lp now has $18.01 billion valuation. The stock increased 0.16% or $0.04 during the last trading session, reaching $24.82. About 605,460 shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 30.85% since May 21, 2017 and is downtrending. It has underperformed by 42.40% the S&P500.

Heitman Real Estate Securities Llc increased Rexford Industrial Realty Inc (REXR) stake by 14.85% reported in 2017Q4 SEC filing. Heitman Real Estate Securities Llc acquired 115,216 shares as Rexford Industrial Realty Inc (REXR)’s stock declined 2.29%. The Heitman Real Estate Securities Llc holds 891,210 shares with $25.99M value, up from 775,994 last quarter. Rexford Industrial Realty Inc now has $2.58B valuation. The stock increased 0.45% or $0.14 during the last trading session, reaching $31.14. About 279,712 shares traded. Rexford Industrial Realty, Inc. (NYSE:REXR) has risen 29.43% since May 21, 2017 and is uptrending. It has outperformed by 17.88% the S&P500.

Among 12 analysts covering Rexford Industrial (NYSE:REXR), 4 have Buy rating, 2 Sell and 6 Hold. Therefore 33% are positive. Rexford Industrial had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, May 2 by DA Davidson. As per Friday, August 26, the company rating was maintained by DA Davidson. The firm earned “Buy” rating on Friday, June 23 by Jefferies. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, February 14. The firm earned “Hold” rating on Tuesday, September 26 by J.P. Morgan. The stock of Rexford Industrial Realty, Inc. (NYSE:REXR) has “Neutral” rating given on Tuesday, September 26 by JP Morgan. Hudson Square Research maintained it with “Hold” rating and $20 target in Monday, May 16 report. As per Monday, February 22, the company rating was downgraded by Wunderlich. J.P. Morgan downgraded the shares of REXR in report on Friday, December 15 to “Sell” rating. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, December 16.

More news for Rexford Industrial Realty, Inc. (NYSE:REXR) were recently published by: Seekingalpha.com, which released: “Rexford Industrial Realty (REXR) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Streetinsider.com‘s article titled: “Rexford Industrial Realty (REXR) Acquires 2 Industrial Properties for $127.1M; Reports Sale of 2 Properties for $9.1M” and published on May 10, 2018 is yet another important article.

Investors sentiment decreased to 1.32 in Q4 2017. Its down 1.28, from 2.6 in 2017Q3. It fall, as 20 investors sold REXR shares while 46 reduced holdings. 22 funds opened positions while 65 raised stakes. 76.51 million shares or 1.52% more from 75.36 million shares in 2017Q3 were reported. 26,236 are owned by Stifel Financial Corp. State Of Alaska Department Of Revenue owns 44,270 shares. Moreover, State Of Wisconsin Invest Board has 0% invested in Rexford Industrial Realty, Inc. (NYSE:REXR) for 26,988 shares. Fmr Limited owns 0.01% invested in Rexford Industrial Realty, Inc. (NYSE:REXR) for 3.10M shares. Amundi Pioneer Asset has invested 0.01% in Rexford Industrial Realty, Inc. (NYSE:REXR). Qs Investors Limited Liability holds 0% in Rexford Industrial Realty, Inc. (NYSE:REXR) or 2,418 shares. State Street owns 0.01% invested in Rexford Industrial Realty, Inc. (NYSE:REXR) for 2.62 million shares. Quantbot Technology Lp owns 0.01% invested in Rexford Industrial Realty, Inc. (NYSE:REXR) for 4,490 shares. Eaton Vance Management holds 7,870 shares. Axiom Intll Limited Liability Company De has 0.12% invested in Rexford Industrial Realty, Inc. (NYSE:REXR) for 162,935 shares. Advisory Services Networks Limited Liability Co accumulated 119 shares. 58,035 were accumulated by Susquehanna Grp Inc Limited Liability Partnership. Blackrock holds 0.01% or 7.04 million shares in its portfolio. Sg Americas Securities has invested 0% in Rexford Industrial Realty, Inc. (NYSE:REXR). Sumitomo Mitsui Trust Hldgs reported 74,146 shares.

Heitman Real Estate Securities Llc decreased Physicians Realty Trust (NYSE:DOC) stake by 28,678 shares to 2.09 million valued at $37.67M in 2017Q4. It also reduced Boston Properties Inc. (NYSE:BXP) stake by 28,070 shares and now owns 123,930 shares. Equity Residential (NYSE:EQR) was reduced too.

Since May 10, 2018, it had 0 insider purchases, and 1 sale for $569,495 activity. Khan Adeel sold $569,495 worth of stock.

Investors sentiment increased to 0.72 in Q4 2017. Its up 0.09, from 0.63 in 2017Q3. It is positive, as 42 investors sold PAA shares while 120 reduced holdings. 34 funds opened positions while 82 raised stakes. 311.82 million shares or 2.74% more from 303.49 million shares in 2017Q3 were reported. Oxbow Limited Liability accumulated 250,570 shares or 0.97% of the stock. Brown Brothers Harriman And holds 11,940 shares or 0% of its portfolio. 898,000 are held by Duff And Phelps Mngmt Communication. Qcm Cayman invested in 1.39% or 16,209 shares. 361,000 are held by Sumitomo Mitsui Tru Inc. Catawba Mngmt Va reported 0.12% stake. Ing Groep Nv invested in 759,000 shares. Somerset Gp holds 0.21% or 12,000 shares in its portfolio. Captrust Financial reported 7,661 shares. Texas Yale Cap reported 235,573 shares. Thomaspartners Inc holds 0.11% or 719,905 shares in its portfolio. New York-based Evercore Wealth Management Ltd has invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). Welch Group Ltd Liability Corp holds 6,495 shares or 0.02% of its portfolio. Hsbc Public Ltd Company, a United Kingdom-based fund reported 2.58 million shares. Moreover, Robotti Robert has 0.01% invested in Plains All American Pipeline, L.P. (NYSE:PAA).

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on August, 6. They expect $0.24 earnings per share, up 14.29% or $0.03 from last year’s $0.21 per share. PAA’s profit will be $174.14M for 25.85 P/E if the $0.24 EPS becomes a reality. After $0.36 actual earnings per share reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Center Coast Capital Advisors Lp increased Boardwalk Pipeline Partners (NYSE:BWP) stake by 1.40 million shares to 1.40M valued at $18.06 million in 2017Q4. It also upped Phillips 66 Partners Lp (NYSE:PSXP) stake by 226,624 shares and now owns 1.57 million shares. Noble Midstream Partners Lp was raised too.

Plains All American Pipeline, L.P. (NYSE:PAA) Institutional Positions Chart

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