Rexford Industrial Realty Inc. (REXR) Reached A New High 1 time During The Past Five Days

As of Wednesday close, Rexford Industrial Realty Inc.’s (NYSE:REXR) stock was up $0.26, moving up 0.46 percent to $57.35. The average number of shares traded per day over the past five days has been 2,098,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.58 fall in that time frame. In the last twenty days, the average volume was 1,626,850, while in the previous 50 days, it was 1,565,248.

Since last month, REXR stock retreated -9.86%. Shares of the company fell to $56.39 on 06/22/22, the lowest level in the past month. A 52-week high of $84.68 was reached on 04/20/22 after having rallying from a 52-week low of $55.84. Since the beginning of this year, REXR’s stock price has dropped by -29.29% or -$23.76, and marked a new high 2 times. However, the stock has declined by -32.27% since its 52-week high.

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Rexford Industrial Realty Inc. (REXR) last reported insider trading activity 8 days ago on Jun 15. Schwimmer Howard, the Co-CEO, Co-President of the company, disposed of 16,500 shares for $59.90 on Jun 15. It resulted in a $988,408 divestment by the insider. Lanzer David E. sold 11,814 shares at an average price of $70.04 on Feb 14. The insider now owns 0 shares following the transaction. On Nov 10, Co-CEO, Co-President Frankel Michael S. sold 115,000 shares at $69.66 apiece. The transaction was valued at $8,011,061.

Valuation Metrics

Right now, Rexford Industrial Realty Inc. (REXR) has a P/E ratio of about 65.39. The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 19.40, the price-to-book (PB) ratio of 1.87, and the price-to-cash flow ratio of 55.12 may also be considered.

The latest dividend of $0.3150 per share was paid out, remained unchanged from last year’s $0.3150. On Monday February 7 2022, a $0.0750 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.31. On the profitability front, the trailing twelve-month gross margin is 76.20% percent. In the year ended March 30, operating margins totaled 33.10%. Based on annual data, REXR earned $144.26 million in gross profit and brought in $452.24 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.40%. Return on equity (ROE) for the past 12 months was 3.10%.

In Rexford Industrial Realty Inc.’s quarter-end financial report for March 30, it reported total debt of $1.52 billion against cash and short-term investments of $18.28 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. REXR’s revenue rose 29.12% to $132.71 million during the quarter, while net income inched up to $140.75 million. While analysts expected Rexford Industrial Realty Inc. to report $0.19 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by 42.10%. During the quarter, the company generated $88.28 million in EBITDA. The value of shareholders’ equity is $165.02 million.

Technical Picture

This quick technical analysis looks at Rexford Industrial Realty Inc.’s (REXR) price momentum. With a historical volatility rate of 33.13%, the RSI 9-day stood at 30.14% on 22 June.

With respect to its five-day moving average, the current Rexford Industrial Realty Inc. price is down by -1.00% percent or -$0.58. At present, REXR shares trade -10.14% below its 20-day simple moving average and -16.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.15% below its SMA50 and -9.60% below its SMA200.

Stochastic coefficient K was 5.21% and Stochastic coefficient D was 3.44%, while ATR was 2.01. Given the Stochastic reading of 9.85% for the 14-day period, the RSI (14) reading has been calculated as 31.69%. As of today, the MACD Oscillator reading stands at -1.70, while the 14-day reading stands at -3.96.

Analyst Ratings

Wolfe Research launched its rating on Rexford Industrial Realty Inc. (NYSE: REXR) to a Peer perform in a note to investors on June 21, 2022. Rexford Industrial Realty Inc. (REXR) has been rated Buy by analysts. According to 0 brokerage firms, REXR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Rexford Industrial Realty Inc. stock as buy, with 6 recommending it as overweight.

With a median target price of $86.00, the current consensus forecast for the stock is $63.00 – $99.00. Based on these forecasts, analysts predict Rexford Industrial Realty Inc. (REXR) will achieve an average price target of $82.89.


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