Rexford Industrial Realty Inc (NYSE: REXR) is -10.32% lower on its value in year-to-date trading and has touched a low of $41.56 and a high of $58.02 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 $49.62 in the last trading session, with the day’s gains setting it 0.69%.
Currently trading at $50.31, the stock is 2.19% and 6.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 1.39% at the moment leaves the stock 2.55% off its SMA200. REXR registered -2.58% loss for a year compared to 6-month loss of -2.54%.
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The stock witnessed a 1.25% gain in the last 1 month and extending the period to 3 months gives it a 9.61%, and is 0.78% 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 1.56% over the week and 2.52% over the month.
Rexford Industrial Realty Inc (REXR) has around 242 employees, a market worth around $11.04B and $864.63M in sales. Current P/E ratio is 41.66 and Fwd P/E is 37.29. Profit margin for the company is 29.66%. Distance from 52-week low is 21.05% and -13.29% from its 52-week high. The company has generated returns on investments over the last 12 months (2.23%).
Rexford Industrial Realty Inc quarterly earnings per share for the current quarter are estimated at 0.28 with sales reaching $239.83M over the same period.The EPS is expected to grow by 7.46% this year, but quarterly earnings will post 17.00% year-over-year. Quarterly sales are estimated to grow 18.20% in year-over-year returns.
592.0 institutions hold shares in Rexford Industrial Realty Inc (REXR), with institutional investors hold 119.41% of the company’s shares. The shares outstanding are 219.49M, and float is at 219.03M with Short Float at 2.40%. Institutions hold 119.29% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.73 million shares valued at $$1.5 billion. The investor’s holdings represent 14.6562 of the REXR Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 27.5 million shares valued at $$1.38 billion to account for 13.5569 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 19.93 million shares representing 9.8251 and valued at over $$1.0 billion, while CAPITAL INTERNATIONAL INVESTORS holds 9.6561 of the shares totaling 19.59 million with a market value of $$985.41 million.
Rexford Industrial Realty Inc (REXR) Insider Activity
The most recent transaction is an insider sale by Schwimmer Howard, the company’s Co-CEO, Co-President. SEC filings show that Schwimmer Howard sold 30,358 shares of the company’s common stock on Jul 26 ’24 at a price of $48.86 per share for a total of $1.48 million. Following the sale, the insider now owns 50673.0 shares.
Still, SEC filings show that on Feb 12 ’24, Lanzer David E. (General Counsel & Secretary) disposed off 18,113 shares at an average price of $52.69 for $0.95 million. The insider now directly holds 0 shares of Rexford Industrial Realty Inc (REXR).
