Rexford Industrial Realty Inc (REXR) concluded trading on Wednesday at a closing price of $47.89, with 3.68 million shares of worth about $176.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -2.11% during that period and on April 10, 2024 the price saw a loss of about -3.00%. Currently the company’s common shares owned by public are about 232.27M shares, out of which, 231.81M shares are available for trading.
Stock saw a price change of -1.66% in past 5 days and over the past one month there was a price change of -9.57%. Year-to-date (YTD), REXR shares are showing a performance of -14.63% which decreased to -18.04% 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 $58.51 during that period. The average intraday trading volume for Rexford Industrial Realty Inc shares is 1.80 million. The stock is currently trading -4.75% below its 20-day simple moving average (SMA20), while that difference is down -7.15% for SMA50 and it goes to -6.95% lower than SMA200.
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Rexford Industrial Realty Inc (NYSE: REXR) currently have 232.27M outstanding shares and institutions hold larger chunk of about 93.82% of that.
The stock has a current market capitalization of $11.12B and its 3Y-monthly beta is at 0.87. PE ratio of stock for trailing 12 months is 42.76, while it has posted earnings per share of $1.12 in the same period. Its PEG reads 4.28 while making debt-to-equity ratio of 0.31. 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 1.60% while standing at 1.82% over the month.
Analysts are in expectations that Rexford Industrial Realty Inc (REXR) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $0.26 and it is $1.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.25 which is $0.28 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 $0.3 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -5.29% while it is estimated to increase by 16.77% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 22.03% made by the stock over the past 5-years.
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 Barclays on March 27, 2024 offering an Underweight rating for the stock and assigned a target price of $45 to it. Coverage by JP Morgan stated Rexford Industrial Realty Inc (REXR) stock as a Neutral in their note to investors on February 07, 2024, suggesting a price target of $55 for the stock. On January 05, 2024, Robert W. Baird Downgrade their recommendations, while on November 08, 2023, Scotiabank Upgrade their ratings for the stock with a price target of $55. Stock get a Buy rating from Truist on October 12, 2023.
