Is Rexford Industrial Realty Inc (REXR) A Good Stock To Buy?

Since Rexford Industrial Realty Inc (NYSE:REXR) has experienced no change in interest from the aggregate hedge fund industry, we check to see if there is a specific group of fund managers who sold off their positions entirely heading into Q4. At the top of the heap, Jacob Gottlieb’s Visium Asset Management dropped the largest position of all the hedgies followed by Insider Monkey, worth an estimated $3 million in stock, and Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital was right behind this move, having dropped $2,000 worth of shares.

Let’s now review hedge fund activity in other stocks similar to Rexford Industrial Realty Inc (NYSE:REXR). These stocks are LegacyTexas Financial Group Inc (NASDAQ:LTXB), Waddell & Reed Financial, Inc. (NYSE:WDR), The Empire District Electric Company (NYSE:EDE), and Banner Corporation (NASDAQ:BANR). All of these stocks’ market caps resemble REXR’s market cap.

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $126 million. That figure was $146 million in REXR’s case. LegacyTexas Financial Group Inc (NASDAQ:LTXB) is the most popular stock in this table. On the other hand The Empire District Electric Company (NYSE:EDE) is the least popular one with only 7 bullish hedge fund positions. Rexford Industrial Realty Inc (NYSE:REXR) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard LTXB might be a better candidate to consider taking a long position in.

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Disclosure: none.