At the time of writing, Rexford Industrial Realty Inc [REXR] stock is trading at $44.90, down -0.44%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The REXR shares have gain 5.92% over the last week, with a monthly amount drifted -9.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rexford Industrial Realty Inc [NYSE: REXR] stock has seen the most recent analyst activity on April 22, 2024, when Wedbush initiated its Neutral rating and assigned the stock a price target of $45. Previously, Barclays started tracking the stock with Underweight rating on March 27, 2024, and set its price target to $45. On February 07, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $55 on the stock. Robert W. Baird downgraded its rating to a Neutral and increased its price target to $61 on January 05, 2024. Scotiabank upgraded its rating to a Sector Outperform but $55 remained the price target by the analyst firm on November 08, 2023. Truist started tracking with a Buy rating for this stock on October 12, 2023, and assigned it a price target of $56. In a note dated September 19, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $70.
For the past year, the stock price of Rexford Industrial Realty Inc fluctuated between $41.56 and $58.02. Currently, Wall Street analysts expect the stock to reach $54.75 within the next 12 months. Rexford Industrial Realty Inc [NYSE: REXR] shares were valued at $44.90 at the most recent close of the market. An investor can expect a potential return of 21.94% based on the average REXR price forecast.
Analyzing the REXR fundamentals
According to Rexford Industrial Realty Inc [NYSE:REXR], the company’s sales were 823.22M for trailing twelve months, which represents an 15.69% jump. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
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 44.38 points at the first support level, and at 43.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.26, and for the 2nd resistance point, it is at 45.62.
Rexford Industrial Realty Inc [REXR] reported earnings per share of $0.27 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.27/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.29 per share as compared to estimates of $0.27 per share, a difference of $0.02 representing a surprise of 7.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.88, the price to book ratio is 1.24 and price to earnings (TTM) ratio is 40.90.
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.
