Rexford Industrial Realty Inc (NYSE: REXR) is -18.20% 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 $36.93 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $37.06, the stock is 1.24% and 3.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.16 million and changing 0.35% at the moment leaves the stock -6.39% off its SMA200. REXR registered -4.14% loss for a year compared to 6-month loss of -3.69%. The firm has a 50-day simple moving average (SMA 50) of $35.687 and a 200-day simple moving average (SMA200) of $39.5919.
The stock witnessed a -0.13% gain in the last 1 month and extending the period to 3 months gives it a 9.13%, and is -0.19% 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 2.17% over the week and 2.34% over the month.
Rexford Industrial Realty Inc (REXR) has around 271 employees, a market worth around $8.77B and $971.53M in sales. Current P/E ratio is 30.11 and Fwd P/E is 34.98. Profit margin for the company is 28.06%. Distance from 52-week low is 24.87% and -29.55% from its 52-week high. The company has generated returns on investments over the last 12 months (2.33%).
with sales reaching $251.72M over the same period.The EPS is expected to shrink by -13.87% this year, but quarterly earnings will post 8.99% year-over-year. Quarterly sales are estimated to grow 5.96% in year-over-year returns.
Rexford Industrial Realty Inc (REXR) Top Institutional Holders
608.0 institutions hold shares in Rexford Industrial Realty Inc (REXR), with institutional investors hold 115.38% of the company’s shares. The shares outstanding are 236.69M, and float is at 236.17M with Short Float at 6.54%. Institutions hold 115.26% 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 13.5353% 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’sChief 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).
