What You Need To Know About Rexford Industrial Realty Inc. (REXR)

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Rexford Industrial Realty Inc. (NYSE:REXR) finished Friday with a subtraction of -$0.25 to close at $54.64, a downside of -0.46 percent. An average of 718,500 shares of common stock have been traded in the last five days. There was a gain of $0.80 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,473,245 shares traded, while the 50-day average volume stands at 1,594,464.

REXR stock has decreased by -1.18% in the last month. The company shares reached their 1-month lowest point of $52.45 on 12/20/22. With the stock rallying to its 52-week high on 04/20/22, shares of the company touched a low of $48.74 and a high of $84.68 in 52 weeks. It has reached a new high 2 times so far this year and lost -32.63% or -$26.47 in price. In spite of this, the price is down -35.47% from the 52-week high.

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Insider Transactions

REXR stock investors should be aware that Rexford Industrial Realty Inc. (REXR) stock had its last reported insider trading activity 152 days ago on Aug 01. In this transaction, the insider spent $1,001,856. Co-CEO, Co-President, Schwimmer Howard, disposed of 16,402 shares at a price of $62.15 on Jul 25. The insider now owns more than $1,019,361 worth of shares. Prior to that, Co-CEO, Co-President Schwimmer Howard went on to Sale 16,500 shares at $59.90 each on Jun 15. An amount of $988,408 was transacted.

Valuation Metrics

Rexford Industrial Realty Inc. (REXR) has a trailing price-to-earnings (P/E) ratio of 58.75. The stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 17.97, the price-to-book (PB) ratio at 1.56, and the price-to-cash flow ratio at 57.30.

The company has a payout ratio of 118.80%. The company’s most recent quarterly dividend payment was $0.3150 a share, without any change from last year. Its latest increase dividend $0.0750 reported on Monday February 7 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.32 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $144.26 million compared to revenue of $452.24 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rexford Industrial Realty Inc.’s return on assets was 2.00%.

Earnings Surprise

For the three-month period that ended September 29, Rexford Industrial Realty Inc. had $8.2 million in cash and short-term investments compared to $1.93 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $36.77 million in the quarter, while revenues were grew 14.2%. The analyst consensus anticipated Rexford Industrial Realty Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.21, a -4.50% surprise. For the quarter, EBITDA amounted to $102.11 million. At the end of the quarter ending September 29, Rexford Industrial Realty Inc.’s stock balance sheet showed total debt was $1.95 billion. Shareholders own equity worth $183.49 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Rexford Industrial Realty Inc. (REXR) price momentum. RSI 9-day as of the close on 30 December was 52.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.04%.

As of today, REXR’s price is $54.35 +1.49% or $0.80 from its 5-day moving average. REXR is currently trading -0.98% lower than its 20-day SMA and -17.21% lower than its 100-day SMA. However, the stock’s current price level is +6.47% above the SMA50 and -23.26% below the SMA200.

The stochastic %K and %D were 34.47% and 32.83%, respectively, and the average true range (ATR) was 1.39. With the 14-day stochastic at 41.48% and the average true range at 1.43, the RSI (14) stands at 51.02%. The stock has reached 0.30 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.

Analyst Ratings

Stifel launched coverage on Rexford Industrial Realty Inc. (NYSE: REXR) in its analyst report released on October 13, 2022. The firm assigned the stock a Buy rating. The consensus rating for Rexford Industrial Realty Inc. (REXR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell REXR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 6 others rate it as a “buy”.

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

Analysts predict a range of price targets between $62.00 and $74.00, with a median target of $67.00. Taking a look at these predictions, the average price target given by analysts for Rexford Industrial Realty Inc. (REXR) stock is $67.50.

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