The stock price of Rexford Industrial Realty Inc (NYSE: REXR) has jumped by 1.67 compared to previous close of 43.01. Despite this, the company has seen a fall of -2.08% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-20 that The future is unknowable, but you can put the odds on your side for the long run by sticking to high-quality compounders. “Higher for longer” or, more accurately, “this high for a while longer,” wins the day, at least based on March data. There are three primary drivers of economic growth in 2024.
Is It Worth Investing in Rexford Industrial Realty Inc (NYSE: REXR) Right Now?
Rexford Industrial Realty Inc (NYSE: REXR) has a price-to-earnings ratio that is above its average at 39.96x. The stock has a 36-month beta value of 0.90. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for REXR is 217.39M, and at present, short sellers hold a 6.91% of that float. On April 24, 2024, the average trading volume of REXR was 2.15M shares.
REXR’s Market Performance
REXR stock saw a decrease of -2.08% in the past week, with a monthly decline of -14.12% and a quarterly a decrease of -20.30%. The volatility ratio for the week is 3.46%, and the volatility levels for the last 30 days are 2.41% for Rexford Industrial Realty Inc (REXR). The simple moving average for the last 20 days is -7.38% for REXR’s stock, with a simple moving average of -14.51% for the last 200 days.
Analysts’ Opinion of REXR
Many brokerage firms have already submitted their reports for REXR stocks, with Wedbush repeating the rating for REXR by listing it as a “Neutral.” The predicted price for REXR in the upcoming period, according to Wedbush is $45 based on the research report published on April 22, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see REXR reach a price target of $45. The rating they have provided for REXR stocks is “Underweight” according to the report published on March 27th, 2024.
JP Morgan gave a rating of “Neutral” to REXR, setting the target price at $55 in the report published on February 07th of the current year.
REXR Trading at -12.66% 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 -24.63% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -13.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.96% lower at present.
During the last 5 trading sessions, REXR fell by -2.08%, which changed the moving average for the period of 200-days by -15.27% in comparison to the 20-day moving average, which settled at $46.87. In addition, Rexford Industrial Realty Inc saw -22.05% 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
- 0.69 for the gross margin
The net margin for Rexford Industrial Realty Inc stands at 0.29. The total capital return value is set at 0.03. Equity return is now at value 3.12, with 2.10 for asset returns.
Based on Rexford Industrial Realty Inc (REXR), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 4.94.
Currently, EBITDA for the company is 536.5 million with net debt to EBITDA at 5.7. When we switch over and look at the enterprise to sales, we see a ratio of 15.39. The receivables turnover for the company is 3.04for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To sum up, Rexford Industrial Realty Inc (REXR) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
