Rexford Industrial Realty Inc (NYSE: REXR) – Suitable For Long Term Buy?

Currently, there are 232.27M common shares owned by the public and among those 231.81M shares have been available to trade.

The company’s stock has a 5-day price change of -9.54% and -18.09% over the past three months. REXR shares are trading -20.39% year to date (YTD), with the 12-month market performance down to -16.80% lower. It has a 12-month low price of $41.56 and touched a high of $58.02 over the same period. REXR has an average intraday trading volume of 1.89 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 -9.19%, -12.49%, and -13.08% respectively.

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Institutional ownership of Rexford Industrial Realty Inc (NYSE: REXR) shares accounts for 92.90% of the company’s 232.27M shares outstanding.

It has a market capitalization of $10.37B and a beta (3y monthly) value of 0.89. The stock’s trailing 12-month PE ratio is 39.87, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 3.99 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 2.50% over the week and 1.93% over the month.

Analysts forecast that Rexford Industrial Realty Inc (REXR) will achieve an EPS of $Rekor Systems, Inc. for the current quarter, $1.87 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Extra Space Storage Inc while analysts give the company a high EPS estimate of $Rexford Industrial Realty, Inc.. Comparatively, EPS for the current quarter was $REX American Resources Corporat a year ago. Earnings per share for the fiscal year are expected to decrease by -6.18%, and 19.78% 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. Barclays stated their Underweight rating for the stock in a research note on March 27, 2024, with the firm’s price target at $45. JP Morgan coverage for the Rexford Industrial Realty Inc (REXR) stock in a research note released on February 07, 2024 offered a Neutral rating with a price target of $55. Robert W. Baird was of a view on January 05, 2024 that the stock is Neutral, while Scotiabank gave the stock Sector Outperform rating on November 08, 2023, issuing a price target of $55. Truist on their part issued Buy rating on October 12, 2023.

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