Rexford Industrial Realty Inc (NYSE: REXR) has a higher price-to-earnings ratio of 43.61x compared to its average ratio. REXR has 36-month beta value of 0.87. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for REXR is 214.66M, and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of REXR on April 02, 2024 was 1.71M shares.
REXR) stock’s latest price update
Rexford Industrial Realty Inc (NYSE: REXR)’s stock price has decreased by -2.90 compared to its previous closing price of 50.30. However, the company has seen a -4.08% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that Rexford (REXR) fortifies its position in the infill Southern California markets via acquisitions of industrial properties from Blackstone worth $1 billion.
REXR’s Market Performance
REXR’s stock has fallen by -4.08% in the past week, with a monthly drop of -4.01% and a quarterly drop of -14.29%. The volatility ratio for the week is 2.10% while the volatility levels for the last 30 days are 2.03% for Rexford Industrial Realty Inc The simple moving average for the last 20 days is -5.29% for REXR stock, with a simple moving average of -5.38% for the last 200 days.
Analysts’ Opinion of REXR
Many brokerage firms have already submitted their reports for REXR stocks, with Barclays repeating the rating for REXR by listing it as a “Underweight.” The predicted price for REXR in the upcoming period, according to Barclays is $45 based on the research report published on March 27, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see REXR reach a price target of $55. The rating they have provided for REXR stocks is “Neutral” according to the report published on February 07th, 2024.
Robert W. Baird gave a rating of “Neutral” to REXR, setting the target price at $61 in the report published on January 05th of the current year.
REXR Trading at -6.72% from the 50-Day Moving Average
After a stumble in the market that brought REXR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.67% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -6.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.15% lower at present.
During the last 5 trading sessions, REXR fell by -4.08%, which changed the moving average for the period of 200-days by -7.48% in comparison to the 20-day moving average, which settled at $51.40. In addition, Rexford Industrial Realty Inc saw -12.94% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at REXR starting from Lanzer David E., who sale 18,113 shares at the price of $52.69 back on Feb 12 ’24. After this action, Lanzer David E. now owns 0 shares of Rexford Industrial Realty Inc, valued at $954,408 using the latest closing price.
CLARK LAURA E, the Chief Financial Officer of Rexford Industrial Realty Inc, sale 7,410 shares at $54.48 during a trade that took place back on Jul 28 ’23, which means that CLARK LAURA E is holding 2,562 shares at $403,703 based on the most recent closing price.
Stock Fundamentals for REXR
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.77 for the gross margin
The net margin for Rexford Industrial Realty Inc stands at 0.33. The total capital return value is set at 0.03. Equity return is now at value 3.31, with 2.34 for asset returns.
Based on Rexford Industrial Realty Inc (REXR), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.59. The interest coverage ratio of the stock is 4.77.
Currently, EBITDA for the company is 536.5 million with net debt to EBITDA at 4.09. When we switch over and look at the enterprise to sales, we see a ratio of 15.91. The receivables turnover for the company is 3.03for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To put it simply, Rexford Industrial Realty Inc (REXR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
