5 Stocks to Buy Now According to Billionaire Jeffrey Talpins

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

Element Capital’s Stake Value: $12,000,000 

Percentage of Element Capital’s 13F Portfolio: 5.24%

Rexford Industrial Realty, Inc. (NYSE:REXR) is a real estate investment trust (REIT) that focuses on industrial properties throughout Southern California, which is considered as the fourth largest industrial market with a  covered area of 167.23 square kilometers.

Rexford Industrial Realty, Inc. (NYSE:REXR) came out with its Q3 2021 results after the closing bell on October 20. Rexford Industrial Realty, Inc. (NYSE:REXR) reported revenue of $115.4 million, which outperformed the consensus estimate of $109.5 million. Meanwhile, the funds from operations (FFO) per share came in at 43 cents, also beating analysts’ estimate of 39 cents.

Following the results, David Rogers at Baird increased the price target on Rexford Industrial Realty, Inc. (NYSE:REXR) from $74 to $82 on October 25 while maintaining an Outperform rating.