Rexford Industrial Realty Inc [REXR] stock prices are up 0.85% to $52.20 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The REXR shares have gain 2.92% over the last week, with a monthly amount drifted -0.21%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, Rexford Industrial to Present at the Citi 2024 Global Property CEO Conference. In a post published today on Yahoo Finance, Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced the Company will present at the Citi 2024 Global Property CEO Conference on March 5, 2024. A live webcast of the presentation can be accessed using the registration link below.
From an analyst’s perspective:
Rexford Industrial Realty Inc [NYSE: REXR] stock has seen the most recent analyst activity on February 07, 2024, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $55 for it. Previously, Robert W. Baird downgraded its rating to Neutral on January 05, 2024, and elevated its price target to $61. On November 08, 2023, upgrade upgraded it’s rating to Sector Outperform but maintained its price target of $55 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $56 on October 12, 2023. Wolfe Research upgraded its rating to a Outperform but $70 remained the price target by the analyst firm on September 19, 2023. Scotiabank started tracking with a Sector Perform rating for this stock on September 12, 2023, and assigned it a price target of $59. In a note dated June 28, 2023, Mizuho initiated an Neutral rating and provided a target price of $52 on this stock.
The stock price of Rexford Industrial Realty Inc [REXR] has been fluctuating between $41.56 and $61.82 over the past year. Currently, Wall Street analysts expect the stock to reach $59.5 within the next 12 months. Rexford Industrial Realty Inc [NYSE: REXR] shares were valued at $52.20 at the most recent close of the market. An investor can expect a potential return of 13.98% based on the average REXR price forecast.
Analyzing the REXR fundamentals
The Rexford Industrial Realty Inc [NYSE:REXR] reported sales of 793.96M for trailing twelve months, representing a surge of 14.42%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.79 points at the first support level, and at 51.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.45, and for the 2nd resistance point, it is at 52.70.
Rexford Industrial Realty Inc [REXR] reported earnings per share of $0.29 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.27/share, meaning a difference of $0.02 and a surprise factor of 7.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.27 per share as compared to estimates of $0.27 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 14.14, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 46.61.
Transactions by insiders
Recent insider trading involved Lanzer David E., General Counsel & Secretary, that happened on Feb 12 ’24 when 18113.0 shares were sold. Chief Financial Officer, CLARK LAURA E completed a deal on Jul 28 ’23 to sell 7410.0 shares. Meanwhile, Co-CEO, Co-President Schwimmer Howard sold 35505.0 shares on Apr 28 ’23.
