The Vanguard Group, Inc. has recently announced that it has increased stake in Rexford Industrial Realty Inc (NYSE:REXR) by 0.07%. After grabbing 27.27 million shares, the institutional investor is now in possession of 18833.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 12.92% having worth around $1.18 billion. Moreover, BlackRock Fund Advisors increased its share by 0.59 million to have a control over 20.62 million shares. And Principal Global Investors LLC raised its holdings to 46811.0 shares by acquiring 13.58 million shares or 6.43% of the stake.
Rexford Industrial Realty Inc (REXR) concluded trading on 12/13/23 at a closing price of $55.79, with 4.18 million shares of worth about $233.06 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.01% during that period and on Wednesday the price saw a gain of about 4.61%. Currently the company’s common shares owned by public are about 211.10M shares, out of which, 210.63M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the REXR stock and their offered price forecasts bring an average price target of $57.07. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $70.00 and could fall to a lowest price of $46.00. The stock’s current price level is 2.24% above of average price target set by the analysts, while a rise to estimated low would result in loss of -21.28% for the stock. However, touching the estimated high of $70.00 would mean a gain of 20.3% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 13 times over the past 12 months. They bought 76,751 shares in 9 of the transactions. In 4 selling transactions, insiders dumped 60,270 shares.
Vanguard Real Estate Index Fund, iShares Core S&P Mid Cap ETF, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Rexford Industrial Realty Inc Vanguard Real Estate Index Fund is currently holding 8.28 million shares of worth totaling $358.07 million. The company recently came selling 58234.0 shares which brought its stake up to 3.92% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 5.95 million shares, have now control over 2.82% of the stake in the company. It holds 10115.0 shares of worth $257.09 million.
Rexford Industrial Realty Inc (NYSE: REXR) started trading at $53.38, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 55.83, or with a gain of 4.61%. Stock saw a price change of 7.52% in past 5 days and over the past one month there was a price change of 25.46%. Year-to-date (YTD), REXR shares are showing a performance of 2.10% which increased to 1.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.56 but also hit the highest price of $66.71 during that period. The average intraday trading volume for Rexford Industrial Realty Inc shares is 1.55 million. The stock is currently trading 12.78% above its 20-day simple moving average (SMA20), while that difference is up 18.15% for SMA50 and it goes to 6.06% higher than SMA200.
The Vanguard Group, Inc. acquired 27.27 million shares of Rexford Industrial Realty Inc having value of about $1.18 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 18833.0 shares in the company valued at close to $1050693.07, or have control over 0.07% stake in the company. Rexford Industrial Realty Inc (NYSE: REXR) currently have 211.10M outstanding shares and institutions hold larger chunk of about 101.20% of that. Holding of mutual funds in the company is about 45.62% while other institutional holders and individual stake holders have control over 59.24% and 0.29% of the stake respectively.
The stock has a current market capitalization of $11.78B and its 3Y-monthly beta is at 0.91. PE ratio of stock for trailing 12 months is 53.27, while it has posted earnings per share of $1.05 in the same period. Its PEG reads 5.33 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for REXR, volatility over the week remained 2.10% while standing at 2.09% over the month.
Analysts are in expectations that Rexford Industrial Realty Inc (REXR) stock would likely to be making an EPS of $Rekor Systems, Inc. in the current quarter, while forecast for next quarter EPS is $2.83 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Research Frontiers Incorporated which is $Rexford Industrial Realty, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $REX American Resources Corporat in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.55% while it is estimated to increase by 14.30% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 13.92% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Rexford Industrial Realty Inc (REXR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 14 Wall Street analysts, 10 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on November 08, 2023 offering a Sector outperform rating for the stock and assigned a target price of $55 to it.
