Rexford Industrial Realty Inc (NYSE: REXR) is -15.93% lower on its value in year-to-date trading and has touched a low of $29.68 and a high of $52.61 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 $31.94 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $32.50, the stock is -13.58% and -17.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing 1.75% at the moment leaves the stock -25.95% off its SMA200. REXR registered -32.13% loss for a year compared to 6-month loss of -30.88%. The firm has a 50-day simple moving average (SMA 50) of $39.297 and a 200-day simple moving average (SMA200) of $43.88895.
The stock witnessed a -16.22% gain in the last 1 month and extending the period to 3 months gives it a -12.56%, and is -6.29% 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 9.44% over the week and 4.45% over the month.
Rexford Industrial Realty Inc (REXR) has around 271 employees, a market worth around $7.41B and $932.74M in sales. Current P/E ratio is 27.00 and Fwd P/E is 23.46. Profit margin for the company is 28.18%. Distance from 52-week low is 9.50% and -38.22% from its 52-week high. The company has generated returns on investments over the last 12 months (2.33%).
The EPS is expected to shrink by -0.28% this year.
Rexford Industrial Realty Inc (REXR) Top Institutional Holders
604.0 institutions hold shares in Rexford Industrial Realty Inc (REXR), with institutional investors hold 116.60% of the company’s shares. The shares outstanding are 227.96M, and float is at 227.49M with Short Float at 4.04%. Institutions hold 116.48% 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 12.6412 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 9.6293 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).
