Rexford Industrial Realty Inc (NYSE: REXR) is -5.07% 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 $36.34 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $36.70, the stock is 2.42% and 6.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 0.99% at the moment leaves the stock -9.70% off its SMA200. REXR registered -18.13% loss for a year compared to 6-month loss of -10.20%.
The stock witnessed a 3.12% gain in the last 1 month and extending the period to 3 months gives it a -10.42%, and is 0.05% 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 0.85% over the week and 1.30% over the month.
Rexford Industrial Realty Inc (REXR) has around 271 employees, a market worth around $8.69B and $971.53M in sales. Current P/E ratio is 29.82 and Fwd P/E is 33.19. Profit margin for the company is 28.06%. Distance from 52-week low is 23.65% and -30.24% 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 -11.43% this year
The shares outstanding are 236.69M, and float is at 236.17M with Short Float at 3.55%.
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 13.5353 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 12.3271 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).
