Rexford Industrial Realty Inc (NYSE: REXR) is -24.51% lower on its value in year-to-date trading and has touched a low of $41.16 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 $42.88 in the last trading session, with the day’s loss setting it -0.53%.
Currently trading at $42.35, the stock is -0.61% and -7.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.26 million and changing -1.24% at the moment leaves the stock -10.83% off its SMA200. REXR registered -11.49% loss for a year compared to 6-month loss of -4.49%. The firm has a 50-day simple moving average (SMA 50) of $45.9868 and a 200-day simple moving average (SMA200) of $47.544.
The stock witnessed a -4.29% gain in the last 1 month and extending the period to 3 months gives it a -16.88%, and is -1.40% 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 1.98% over the week and 2.27% over the month.
Rexford Industrial Realty Inc (REXR) has around 242 employees, a market worth around $9.42B and $900.87M in sales. Current P/E ratio is 34.42 and Fwd P/E is 32.72. Profit margin for the company is 29.43%. Distance from 52-week low is 2.89% and -27.01% from its 52-week high. The company has generated returns on investments over the last 12 months (2.29%).
with sales reaching $244.54M over the same period.The EPS is expected to grow by 8.37% this year, but quarterly earnings will post 17.08% year-over-year. Quarterly sales are estimated to grow 16.21% in year-over-year returns.
Rexford Industrial Realty Inc (REXR) Top Institutional Holders
619.0 institutions hold shares in Rexford Industrial Realty Inc (REXR), with institutional investors hold 119.98% of the company’s shares. The shares outstanding are 222.39M, and float is at 221.92M with Short Float at 2.69%. Institutions hold 119.85% 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).
