As of Friday close, Rexford Industrial Realty Inc.’s (NYSE:REXR) stock was up $0.11, moving up 0.22 percent to $50.74. The average number of shares traded per day over the past five days has been 1,709,840 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.18 fall in that time frame. In the last twenty days, the average volume was 1,318,940, while in the previous 50 days, it was 1,275,820.
Since last month, REXR stock retreated -4.26%. Shares of the company fell to $50.20 on 09/22/23, the lowest level in the past month. A 52-week high of $66.71 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 dropped by -7.14% or -$3.90, and marked a new high 16 times. However, the stock has declined by -23.94% since its 52-week high.
REXR stock investors should be aware that Rexford Industrial Realty Inc. (REXR) stock had its last reported insider trading activity 57 days ago on Jul 28. CLARK LAURA E, the Chief Financial Officer of the company, disposed of 7,410 shares for $54.48 on Jul 28. It resulted in a $403,703 divestment by the insider. Schwimmer Howard sold 35,505 shares at an average price of $55.94 on Apr 28. The insider now owns 50,862 shares following the transaction. On Mar 14, General Counsel & Secretary Lanzer David E. sold 16,778 shares at $58.16 apiece. The transaction was valued at $975,891.
Valuation Metrics
Right now, Rexford Industrial Realty Inc. (REXR) has a P/E ratio of about 51.46. The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 14.74, the price-to-book (PB) ratio of 1.45, and the price-to-cash flow ratio of 54.53 may also be considered.
The latest dividend of $0.38 per share was paid out, remained unchanged from last year’s $0.38.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.32, and the total debt-to-equity ratio was 0.32. On the profitability front, the trailing twelve-month gross margin is 76.70% percent. In the year ended June 29, operating margins totaled 35.30%. 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 June 29, it reported total debt of $2.23 billion. 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 23.83% to $186.24 million during the quarter, while net income inched up to $195.77 million. While analysts expected Rexford Industrial Realty Inc. to report $0.26 quarterly earnings, the actual figure was $0.26 per share. During the quarter, the company generated $128.29 million in EBITDA. The value of shareholders’ equity is $206.44 million.
Technical Picture
This quick technical analysis looks at Rexford Industrial Realty Inc.’s (REXR) price momentum. With a historical volatility rate of 19.10%, the RSI 9-day stood at 35.83% on 22 September.
With respect to its five-day moving average, the current Rexford Industrial Realty Inc. price is down by -2.27% percent or -$1.18. At present, REXR shares trade -3.06% below its 20-day simple moving average and -8.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.21% below its SMA50 and -6.25% below its SMA200.
Stochastic coefficient K was 15.12% and Stochastic coefficient D was 15.86%, while ATR was 1.19. Given the Stochastic reading of 13.53% for the 14-day period, the RSI (14) reading has been calculated as 39.43%. As of today, the MACD Oscillator reading stands at -0.62, while the 14-day reading stands at -1.01.
Analyst Ratings
Wolfe Research upgraded its rating on Rexford Industrial Realty Inc. (NYSE: REXR) to an Outperform in a note to investors on September 19, 2023. The analysts firm previously had a Peer perform rating on the stock.Rexford Industrial Realty Inc. (REXR) has been rated Overweight by analysts. According to 0 brokerage firms, REXR is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Rexford Industrial Realty Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $64.00, the current consensus forecast for the stock is $52.00 – $72.00. Based on these forecasts, analysts predict Rexford Industrial Realty Inc. (REXR) will achieve an average price target of $62.64.
