Chemung Canal Trust Company Cut By $1.57 Million Its Canadian (CNI) Stake; Rexford Industrial Realty (REXR) Sentiment Is 1.32

April 21, 2018 - By Peter Erickson

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

Rexford Industrial Realty Inc (REXR) investors sentiment decreased to 1.32 in Q4 2017. It’s down -1.28, from 2.6 in 2017Q3. The ratio turned negative, as 87 investment professionals opened new and increased stock positions, while 66 trimmed and sold equity positions in Rexford Industrial Realty Inc. The investment professionals in our database now own: 76.51 million shares, up from 75.36 million shares in 2017Q3. Also, the number of investment professionals holding Rexford Industrial Realty Inc in top ten stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 20 Reduced: 46 Increased: 65 New Position: 22.

Chemung Canal Trust Company decreased Canadian (CNI) stake by 27.41% reported in 2017Q4 SEC filing. Chemung Canal Trust Company sold 19,104 shares as Canadian (CNI)’s stock declined 12.30%. The Chemung Canal Trust Company holds 50,584 shares with $4.17 million value, down from 69,688 last quarter. Canadian now has $53.71 billion valuation. The stock decreased 1.00% or $0.76 during the last trading session, reaching $75.43. About 968,493 shares traded. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since April 21, 2017 and is downtrending. It has underperformed by 12.89% the S&P500.

Chemung Canal Trust Company increased Dowdupont stake by 43,423 shares to 54,597 valued at $3.89M in 2017Q4. It also upped Spdr (RSCO) stake by 59,994 shares and now owns 89,991 shares. Medtronic (NYSE:MDT) was raised too.

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on April, 23 after the close. They expect $0.80 EPS, down 9.09% or $0.08 from last year’s $0.88 per share. CNI’s profit will be $569.60M for 23.57 P/E if the $0.80 EPS becomes a reality. After $0.94 actual EPS reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts -14.89% negative EPS growth.

Among 27 analysts covering Canadian National Railway (NYSE:CNI), 11 have Buy rating, 3 Sell and 13 Hold. Therefore 41% are positive. Canadian National Railway had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, January 24 by Macquarie Research. The stock of Canadian National Railway Company (NYSE:CNI) earned “Outperform” rating by Raymond James on Wednesday, January 4. The stock of Canadian National Railway Company (NYSE:CNI) earned “Sector Performer” rating by IBC on Tuesday, April 26. The stock of Canadian National Railway Company (NYSE:CNI) has “Outperform” rating given on Wednesday, October 25 by RBC Capital Markets. Barclays Capital maintained Canadian National Railway Company (NYSE:CNI) rating on Tuesday, April 26. Barclays Capital has “Equal-Weight” rating and $58 target. Credit Suisse maintained the stock with “Neutral” rating in Friday, February 19 report. The stock has “Outperform” rating by Raymond James on Tuesday, July 26. On Tuesday, April 3 the stock rating was upgraded by Raymond James to “Buy”. Cowen & Co maintained Canadian National Railway Company (NYSE:CNI) rating on Friday, September 22. Cowen & Co has “Buy” rating and $83.0 target. The rating was upgraded by TD Securities on Tuesday, September 8 to “Buy”.

Analysts await Rexford Industrial Realty, Inc. (NYSE:REXR) to report earnings on May, 1 after the close. They expect $0.25 earnings per share, up 8.70% or $0.02 from last year’s $0.23 per share. REXR’s profit will be $20.13 million for 28.93 P/E if the $0.25 EPS becomes a reality. After $0.26 actual earnings per share reported by Rexford Industrial Realty, Inc. for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

Rexford Industrial Realty, Inc. is an equity real estate investment trust. The company has market cap of $2.33 billion. The firm invests in the real estate markets of Southern California, United States. It has a 60.27 P/E ratio. It engages in owning, operating and acquiring industrial properties.

Grs Advisors Llc holds 5.79% of its portfolio in Rexford Industrial Realty, Inc. for 343,273 shares. Aew Capital Management L P owns 3.72 million shares or 2.81% of their US portfolio. Moreover, First Foundation Advisors has 1.92% invested in the company for 1.22 million shares. The Illinois-based Heitman Real Estate Securities Llc has invested 1.48% in the stock. Phocas Financial Corp., a California-based fund reported 520,113 shares.

Rexford Industrial Realty, Inc. (NYSE:REXR) Institutional Positions Chart

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