As of Friday close, Rexford Industrial Realty Inc.’s (NYSE:REXR) stock was down -$0.79, moving down -1.36 percent to $57.47. The average number of shares traded per day over the past five days has been 1,836,480 shares. 3 times new highs have been achieved over the past 5 days, with a $1.06 gain in that time frame. In the last twenty days, the average volume was 1,497,075, while in the previous 50 days, it was 1,348,120.
Since last month, REXR stock retreated -7.89%. Shares of the company fell to $55.94 on 03/13/23, the lowest level in the past month. A 52-week high of $84.68 was reached on 02/02/23 after having rallying from a 52-week low of $48.74. Since the beginning of this year, REXR’s stock price has risen by 5.18% or $2.83, and marked a new high 16 times. However, the stock has declined by -32.13% since its 52-week high.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
REXR stock investors should be aware that Rexford Industrial Realty Inc. (REXR) stock had its last reported insider trading activity 4 days ago on Mar 14. Lanzer David E., the General Counsel & Secretary of the company, disposed of 16,778 shares for $58.16 on Mar 14. It resulted in a $975,891 divestment by the insider. Schwimmer Howard sold 15,350 shares at an average price of $65.27 on Aug 01. The insider now owns 52,720 shares following the transaction. On Jul 25, Co-CEO, Co-President Schwimmer Howard sold 16,402 shares at $62.15 apiece. The transaction was valued at $1,019,361.
Right now, Rexford Industrial Realty Inc. (REXR) has a P/E ratio of about 62.20. The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 18.01, the price-to-book (PB) ratio of 1.65, and the price-to-cash flow ratio of 61.80 may also be considered.
The latest dividend of $0.38 per share was paid out, which is 20.63% more than last year’s $0.3150.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.30. On the profitability front, the trailing twelve-month gross margin is 76.20% percent. In the year ended December 30, operating margins totaled 34.40%. Based on annual data, REXR earned $219.64 million in gross profit and brought in $631.2 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 2.60%. Return on equity (ROE) for the past 12 months was 2.80%.
In Rexford Industrial Realty Inc.’s quarter-end financial report for December 30, it reported total debt of $1.94 billion against cash and short-term investments of $1.63 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 25.69% to $162.75 million during the quarter, while net income inched up to $178.59 million. While analysts expected Rexford Industrial Realty Inc. to report $0.22 quarterly earnings, the actual figure was $0.22 per share. During the quarter, the company generated $104.87 million in EBITDA. The value of shareholders’ equity is $196.73 million.
This quick technical analysis looks at Rexford Industrial Realty Inc.’s (REXR) price momentum. With a historical volatility rate of 33.88%, the RSI 9-day stood at 36.78% on 17 March.
With respect to its five-day moving average, the current Rexford Industrial Realty Inc. price is up by +1.88% percent or $1.06. At present, REXR shares trade -7.08% below its 20-day simple moving average and +15.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.75% above its SMA50 and -10.02% below its SMA200.
Stochastic coefficient K was 34.87% and Stochastic coefficient D was 39.86%, while ATR was 1.59. Given the Stochastic reading of 25.96% for the 14-day period, the RSI (14) reading has been calculated as 39.56%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at -1.36.
With a median target price of $69.00, the current consensus forecast for the stock is $62.00 – $81.00. Based on these forecasts, analysts predict Rexford Industrial Realty Inc. (REXR) will achieve an average price target of $70.33.