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Just caught something interesting about Rexford Industrial Realty (REXR) - their COO Laura Clark just dropped over $200K into company stock back in late February. That's the kind of move that makes you wonder what the top brass knows that we don't, right?
She grabbed 5,310 shares at $37.73 each. Now here's the thing - when you see top management actually putting their own money into the company like this, it usually signals they think the stock is a solid play. Could be they see real value, could be things are moving positively behind the scenes.
At the time of that purchase, shares were trading around $37.52, so she was basically buying at market rate. The stock's been bouncing around between $29.68 and $44.38 over the past year, so we're somewhere in that middle zone. They're also paying out about $1.74 per share in annual dividends, which comes to roughly 4.6% yield if you're into that income play.
Not saying this is a guaranteed move, but when top-level executives are willing to bet their own cash, it's definitely worth paying attention to. Makes you think about what signals the real insiders are picking up on.