Look At Analyst Expectations For A Better Read On Rexford Industrial Realty Inc. (NYSE: REXR)


    BlackRock Fund Advisors recently announced the acquisition of new stake in Rexford Industrial Realty Inc. (NYSE:REXR). The institutional investor has increased its shareholding in the Real Estate company by 3.09% to 9.35 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 7.62% valued currently at $372.25 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.59 million to 5.1 million shares. And Principal Global Investors LLC has lifted its position by 5.33% or 0.25 million shares – to 4.99 million shares.

    With over 0.5 million Rexford Industrial Realty Inc. (REXR) shares trading Monday and a closing price of $41.76 on the day, the dollar volume was approximately $21.08 million. The shares have shown a negative weekly performance of -3.18% and its price on 07/13/20 lost nearly -0.19%. Currently, there are 122.69M common shares owned by the public and among those 115.83M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for REXR have a consensus price objective of $44.29. The analysts have set the share’s price value over the next 12 months at a high of $48.00 and a low of $40.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Rexford Industrial Realty Inc. stock is 2.10 for the next 12 months. The average price target is 6.16% above its last price level and an upside to the estimated low will see the stock lose -4.4% over that period. But an upside of 13.0% will see the stock hit the forecast high price target while mean target price for the stock is $46.00.

    Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 308,375 shares. Insider sales of the common stock occurred on 24 occasions, with total insider shares sold totaling 399,809 shares.

    The top 3 mutual fund holders in Rexford Industrial Realty Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Vanguard Real Estate Index Fund owns 5.07 million shares of the company’s stock, all valued at over $201.67 million. The company bought an additional 628.0 shares recently to bring their total holdings to about 4.13% of the shares outstanding. Vanguard Total Stock Market Index bought 0.32 million shares to see its total holdings expand to 3.53 million shares valued at over $140.39 million and representing 2.88% of the shares outstanding. Vanguard Small Cap Index Fund bought 0.28 million shares to bring its total holdings to over 3.18 million shares at a value of $126.37 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.59% of the shares outstanding.

    Shares of Rexford Industrial Realty Inc. (NYSE: REXR) opened at $42.07, up $0.23 from a prior closing price of $41.84. However, the script later closed the day at $41.76, down -0.19%. The company’s stock has a 5-day price change of -3.18% and 1.51% over the past three months. REXR shares are trading -8.56% year to date (YTD), with the 12-month market performance down to -0.41% lower. It has a 12-month low price of $31.79 and touched a high of $53.48 over the same period. Currently, 0.5 million shares have been traded, compared to an average intraday trading volume of 1.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.24%, 2.88%, and -5.26% respectively.

    Institutional ownership of Rexford Industrial Realty Inc. (NYSE: REXR) shares accounts for 95.40% of the company’s 122.69M shares outstanding. Mutual fund holders own 40.64%, while other institutional holders and individual stakeholders account for 56.61% and 1.01% respectively.

    It has a market capitalization of $5.17B and a beta (3y monthly) value of 0.67. The stock’s trailing 12-month PE ratio is 86.82, while the earnings-per-share (ttm) stands at $0.48. The company has a PEG of 8.68 and the debt-to-equity ratio at 0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.93% over the week and 3.01% over the month.

    Analysts forecast that Rexford Industrial Realty Inc. (REXR) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.35 for 2021. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 14.20%, and 1.45% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 71.50% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Rexford Industrial Realty Inc. (REXR) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the REXR, a number of firms have released research notes about the stock. CapitalOne stated their Equal Weight rating for the stock in a research note on May 04, 2020, with the firm’s price target at $50-$40. JP Morgan coverage for the Rexford Industrial Realty Inc. (REXR) stock in a research note released on December 19, 2018 offered a Neutral rating with a price target of. CapitalOne was of a view on August 01, 2018 that the stock is Overweight, while CapitalOne gave the stock Equal Weight rating on February 14, 2018, issuing a price target of. JP Morgan on their part issued Underweight rating on December 15, 2017.


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