Will Rexford Industrial Realty Inc (REXR) benefit from Wall Street bulls Calls?

Rexford Industrial Realty Inc (NYSE: REXR) is -6.70% lower on its value in year-to-date trading and has touched a low of $41.56 and a high of $63.66 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The REXR stock was last observed hovering at around $52.66 in the last trading session, with the day’s loss setting it -0.32%.

Currently trading at $52.34, the stock is -2.64% and -3.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -0.61% at the moment leaves the stock 0.52% off its SMA200. REXR registered -16.70% loss for a year compared to 6-month gain of -1.00%. The firm has a 50-day simple moving average (SMA 50) of $17.05 and a 200-day simple moving average (SMA200) of $24.49.

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The stock witnessed a -4.61% loss in the last 1 month and extending the period to 3 months gives it a 17.51%, and is 0.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.97% over the week and 2.49% over the month.

Rexford Industrial Realty Inc (REXR) has around Mar 27 2024 employees, a market worth around $11.05B and $800.20M in sales. Current P/E ratio is 46.87 and Fwd P/E is 36.04. Profit margin for the company is 28.42%. Distance from 52-week low is 25.94% and -17.78% from its 52-week high. The company has generated returns on investments over the last 12 months (2.24%).

Rexford Industrial Realty Inc quarterly earnings per share for the current quarter are estimated at $0.28 with sales reaching $211.59M over the same period.The EPS is expected to grow by 9.12% this year, but quarterly earnings will post 14.90% year-over-year. Quarterly sales are estimated to grow 14.60% in year-over-year returns.

Rexford Industrial Realty Inc (REXR) Top Institutional Holders

578 institutions hold shares in Rexford Industrial Realty Inc (REXR), with institutional investors hold 104.65% of the company’s shares. The shares outstanding are 212.35M, and float is at 210.63M with Short Float at 1.93%. Institutions hold 104.35% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 27.71 million shares valued at $1.45 billion. The investor’s holdings represent 13.42% of the REXR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 25.43 million shares valued at $1.33 billion to account for 12.32% of the shares outstanding. The other top investors are Principal Financial Group, Inc. which holds 13.53 million shares representing 6.56% and valued at over $706.67 million, while Price (T.Rowe) Associates Inc holds 6.42% of the shares totaling 13.25 million with a market value of $692.07 million.

Rexford Industrial Realty Inc (REXR) Insider Activity

A total of 1 insider transactions have happened at Rexford Industrial Realty Inc (REXR) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by CLARK LAURA E,the company’sChief Financial Officer. SEC filings show that CLARK LAURA E sold 7,410 shares of the company’s common stock on Jul 28 at a price of $54.48 per share for a total of $0.4 million. Following the sale, the insider now owns 2562.0 shares.

Rexford Industrial Realty Inc disclosed in a document filed with the SEC on Apr 28 that Schwimmer Howard (Co-CEO, Co-President) sold a total of 35,505 shares of the company’s common stock. The trade occurred on Apr 28 and was made at $55.94 per share for $1.99 million. Following the transaction, the insider now directly holds 50862.0 shares of the REXR stock.

Still, SEC filings show that on Mar 14, Lanzer David E. (General Counsel & Secretary) disposed off 16,778 shares at an average price of $58.16 for $0.98 million. The insider now directly holds 0 shares of Rexford Industrial Realty Inc (REXR).

Rexford Industrial Realty Inc (REXR): Who are the competitors?

The company’s main competitors (and peers) include First Industrial Realty Trust Inc. (FR) that is trading 1.03% up over the past 12 months. Prologis Inc. (PLD) that is 2.13% higher over the same period.