Why Should You Put Rexford Industrial Realty Inc (NYSE: REXR) On Your Portfolio?

Currently, there are 215.09M common shares owned by the public and among those 214.66M shares have been available to trade.

The company’s stock has a 5-day price change of -4.36% and -12.88% over the past three months. REXR shares are trading -12.75% year to date (YTD), with the 12-month market performance down to -12.60% lower. It has a 12-month low price of $41.56 and touched a high of $60.06 over the same period. REXR has an average intraday trading volume of 1.47 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 -5.40%, -7.02%, and -5.22% respectively.

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Institutional ownership of Rexford Industrial Realty Inc (NYSE: REXR) shares accounts for 101.29% of the company’s 215.09M shares outstanding.

It has a market capitalization of $10.53B and a beta (3y monthly) value of 0.87. The stock’s trailing 12-month PE ratio is 43.71, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 4.37 and the debt-to-equity ratio at 0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.77% over the week and 1.96% over the month.

Analysts forecast that Rexford Industrial Realty Inc (REXR) will achieve an EPS of $0.27 for the current quarter, $0.28 for the next quarter and $1.32 for 2025. The lowest estimate earnings-per-share for the quarter is $0.25 while analysts give the company a high EPS estimate of $0.28. Comparatively, EPS for the current quarter was $0.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.53%, and 17.31% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 22.03% over the past 5-year period.

Looking at the support for the REXR, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on February 07, 2024, with the firm’s price target at $55. Robert W. Baird coverage for the Rexford Industrial Realty Inc (REXR) stock in a research note released on January 05, 2024 offered a Neutral rating with a price target of $61. Scotiabank was of a view on November 08, 2023 that the stock is Sector Outperform, while Truist gave the stock Buy rating on October 12, 2023, issuing a price target of $56. Wolfe Research on their part issued Outperform rating on September 19, 2023.

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