The stock of Rexford Industrial Realty Inc. (NYSE:REXR) decreased by -$0.11 on Tuesday to finish at $51.43, down -0.21 percent. The last five days have seen an average of 1,468,920 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$3.21. The average number of shares traded over the last 20 days was 1,126,980, while the average volume over the last 50 days totaled 1,295,058.
REXR stock appreciated 0.39% since last month. On 08/21/23, the company’s shares reached a one-month low of $50.55. The stock touched a high of $66.71 on 02/02/23, after rallying from a low of $48.74 in 52 weeks. The price of REXR stock has declined by -5.87% or -$3.21 this year, reaching a new high 16 times. Still, the stock price is down -22.91% from the 52-week high.
Insider Transactions
REXR stock investors should be aware that Rexford Industrial Realty Inc. (REXR) stock had its last reported insider trading activity 54 days ago on Jul 28. On Jul 28, Chief Financial Officer CLARK LAURA E sold 7,410 shares at $54.48 each. This transaction resulted in the insider making $403,703. On Apr 28, Schwimmer Howard sold 35,505 shares at a price of US$55.94. After the transaction, the insider now owns 50,862 shares. General Counsel & Secretary Lanzer David E. had earlier sold 16,778 shares on Mar 14 for $58.16 a share. The transaction was completed for $975,891.
Valuation Metrics
Rexford Industrial Realty Inc. (REXR) has a trailing price-to-earnings (P/E) ratio of 52.16. Beta for the stock is 0.84. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.94, the price-to-book (PB) ratio of 1.47, and the price-to-cash flow ratio of 55.27.
Company paid $0.38 per share in dividends, remained unchanged from $0.38 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.32, and the total debt to equity ratio is 0.32. As far as profitability goes, gross margin for the trailing twelve months is 76.70% percent. Rexford Industrial Realty Inc.’s operating margin stood at 35.30% for the same period. Based on annual data, it had gross profit of $219.64 million and revenue of $631.2 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. REXR’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 2.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.80%.
Earnings Surprise
According to Rexford Industrial Realty Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $195.77 million, while revenues rose by 23.83% to $186.24 million. It was predicted that Rexford Industrial Realty Inc.’s quarterly earnings would be $0.26, but it ended up being $0.26. EBITDA was $128.29 million for the quarter. At the end of Rexford Industrial Realty Inc.’s most recent quarter ended June 29, its total debt was $2.24 billion. Equity owned by shareholders amounts to $206.44 million.
Technical Picture
Here’s a quick look at Rexford Industrial Realty Inc.’s (REXR) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 38.19%, suggesting the stock is Neutral, with a 22.00% historical volatility rate.
The stochastic %K and %D were 14.96% and 25.10% respectively, while the average true range (ATR) was 1.08. Based on the 14-day stochastic reading of 11.66%, the RSI (14) reading is 41.68%. On the 9-day MACD Oscillator, the stock is at -0.84, and the 14-day reading is at -1.04.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Rexford Industrial Realty Inc. (NYSE: REXR) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned Rexford Industrial Realty Inc. (REXR) an Overweight rating. REXR is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is REXR’s price target for the next 12 months?
The current consensus forecast for the stock is between $52.00 and $72.00, with a median target price of $65.00. In analyzing these forecasts, the average price target given by analysts for Rexford Industrial Realty Inc. (REXR) is $63.25.
