Insider Activity Monitoring: Rexford Industrial Realty Inc. (REXR)

Rexford Industrial Realty Inc. (NYSE:REXR) saw an upside of 1.40% to close Tuesday at $58.83 after adding $0.81 on the day. The 5-day average trading volume is 1,132,420 shares of the company’s common stock. It has gained $58.98 in the past week. An average of 1,226,175 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 824,468.

REXR’s 1-month performance is -2.76% or -$1.36 on its low of $55.84 reached on 10/06/21. The company’s shares have touched a 52-week low of $45.90 and high of $63.55, with the stock’s rally to the 52-week high happening on 09/03/21. YTD, REXR has achieved 19.79% or $9.72. However, the current price is down -7.43%% from the 52-week high price.


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Insider Transactions

On Aug 05, 69 days have gone by since the last insider trading activity for Rexford Industrial Realty Inc. (REXR). Lanzer David E. (General Counsel & Secretary) most recently sold 14,000 shares at $62.11 per share on Aug 05. This transaction cost the insider $869,532. Co-CEO, Co-President, Frankel Michael S., sold 13,975 shares at a price of $55.08 on Apr 29. Then, on Apr 28, Co-CEO, Co-President Frankel Michael S. sold 6,195 shares at a price of $55.54 per share. This transaction amounted to $344,065.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 120.74 and a low of 48.93. REXR stock has a beta of 0.63. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 22.27 while the price-to-book (PB) in the most recent quarter is 2.39, with the price to cash flow ratio at 73.88.

It is projected that Rexford Industrial Realty Inc.’s next ex-dividend date will be on 31-Dec. REXR is expected to distribute $0.24 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.37, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 75.90%. while for the period ending June 29; Rexford Industrial Realty Inc.’s operating margin was 30.30%. The firm’s gross profit as reported stood at $98.36 million against revenue of $330.13 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Rexford Industrial Realty Inc.’s cash and short-term investments amounted to $14.54 million against total debt of $1.24 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected REXR to announce $0.09 per share in earnings in its latest quarter, but it posted $0.15, representing a 66.70% surprise. EBITDA for the quarter stood at more than $65.79 million. REXR stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.24 billion. Shareholders hold equity totaling $137.74 million

Technical Picture

Let’s look briefly at Rexford Industrial Realty Inc. (REXR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 55.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.17%.

The stock’s 5-day moving average is $58.11, reflecting a +3.59% or $2.04 change from its current price. REXR is currently trading -3.02% above its 20-day SMA, +7.31% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.87% and +21.55% respectively.

Stochastic %K and %D was 56.79% and 46.98% and the average true range (ATR) pointed at 1.02. The RSI (14) points at 49.76%, while the 14-day stochastic is at 88.72% with the period’s ATR at 1.01. The stock’s 9-day MACD Oscillator is pointing at 0.54 and 0.50 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Rexford Industrial Realty Inc. (NYSE: REXR), CapitalOne upgraded it to an Overweight rating. They previously had an Equal weight rating on the stock. Analysts offering their rating for REXR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate REXR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 3 have offered a “buy” rating.

What is REXR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $65.00 and a high of $74.00, with their median price target at $69.50. Looking at these predictions, the average price target given by analysts is for Rexford Industrial Realty Inc. (REXR) stock is $69.21.

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