Rexford Industrial Realty Inc (NYSE: REXR) is -20.41% 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 $44.69 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $44.65, the stock is -6.87% and -10.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.61 million and changing -0.09% at the moment leaves the stock -8.66% off its SMA200. REXR registered 1.39% gain for a year compared to 6-month gain of 2.10%. The firm has a 50-day simple moving average (SMA 50) of $49.769 and a 200-day simple moving average (SMA200) of $48.93685.
The stock witnessed a -13.82% loss in the last 1 month and extending the period to 3 months gives it a -8.01%, and is -6.49% down 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 3.44% over the week and 2.11% over the month.
Rexford Industrial Realty Inc (REXR) has around 242 employees, a market worth around $9.80B and $900.87M in sales. Current P/E ratio is 36.29 and Fwd P/E is 33.39. Profit margin for the company is 29.43%. Distance from 52-week low is 7.44% and -23.04% from its 52-week high. The company has generated returns on investments over the last 12 months (2.29%).
with sales reaching $244.95M over the same period.The EPS is expected to grow by 8.26% this year, but quarterly earnings will post 16.80% year-over-year. Quarterly sales are estimated to grow 16.40% in year-over-year returns.
Rexford Industrial Realty Inc (REXR) Top Institutional Holders
596.0 institutions hold shares in Rexford Industrial Realty Inc (REXR), with institutional investors hold 119.34% of the company’s shares. The shares outstanding are 219.51M, and float is at 219.04M with Short Float at 2.91%. Institutions hold 119.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 29.42 million shares valued at $1.31 billion. The investor’s holdings represent 13.7238% of the REXR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 27.48 million shares valued at $$1.23 billion to account for 12.8173 of the shares outstanding. The other top investors are PRICE T ROWE ASSOCIATES INC /MD/ which holds 26.8 million shares representing 12.4988% and valued at over $1.19 billion, while CAPITAL INTERNATIONAL INVESTORS holds 9.7634 of the shares totaling 20.93 million with a market value of $933.36 million.
Rexford Industrial Realty Inc (REXR) Insider Activity
The most recent transaction is an insider sale by CLARK LAURA E, the company’s Chief Financial Officer. SEC filings show that CLARK LAURA E sold 14,185 shares of the company’s common stock on Sep 10 ’24 at a price of $50.15 per share for a total of $0.71 million. Following the sale, the insider now owns 0.0 shares.
Still, SEC filings show that on Jul 26 ’24, Schwimmer Howard (Co-CEO, Co-President) disposed off 30,358 shares at an average price of $48.86 for $1.48 million. The insider now directly holds 50,673 shares of Rexford Industrial Realty Inc (REXR).
