Market Highlights: Rexford Industrial Realty Inc (REXR) Ends on a High Note at 46.80

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The price of Rexford Industrial Realty Inc (NYSE: REXR) closed at $46.80 in the last session, up 3.29% from day before closing price of $45.31. In other words, the price has increased by $3.29 from its previous closing price. On the day, 1.59 million shares were traded. REXR stock price reached its highest trading level at $46.87 during the session, while it also had its lowest trading level at $45.52.

Ratios:

We take a closer look at REXR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.04. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.38.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on Jul-11-24, initiated with a Outperform rating and assigned the stock a target price of $54.

On April 22, 2024, Wedbush started tracking the stock assigning a Neutral rating and target price of $45.

On March 27, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $45.Barclays initiated its Underweight rating on March 27, 2024, with a $45 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 12 ’24 when Lanzer David E. sold 18,113 shares for $52.69 per share. The transaction valued at 954,408 led to the insider holds 0 shares of the business.

CLARK LAURA E sold 7,410 shares of REXR for $403,703 on Jul 28 ’23. The Chief Financial Officer now owns 2,562 shares after completing the transaction at $54.48 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, REXR now has a Market Capitalization of 10194022400 and an Enterprise Value of 13714111488. As of this moment, Rexford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.63, and their Forward P/E ratio for the next fiscal year is 34.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.38 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 16.609 whereas that against EBITDA is 25.976.

Stock Price History:

The Beta on a monthly basis for REXR is 0.93, which has changed by -0.1534009 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, REXR has reached a high of $58.02, while it has fallen to a 52-week low of $41.56. The 50-Day Moving Average of the stock is 4.75%, while the 200-Day Moving Average is calculated to be -4.21%.

Shares Statistics:

According to the various share statistics, REXR traded on average about 1.74M shares per day over the past 3-months and 1365540 shares per day over the past 10 days. A total of 217.82M shares are outstanding, with a floating share count of 217.37M. Insiders hold about 0.21% of the company’s shares, while institutions hold 112.67% stake in the company. Shares short for REXR as of 1718323200 were 6334928 with a Short Ratio of 3.65, compared to 1715731200 on 6007726. Therefore, it implies a Short% of Shares Outstanding of 6334928 and a Short% of Float of 3.92.

Dividends & Splits

The forward annual dividend rate for REXR is 1.59, which was 1.558 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.034385342The stock’s 5-year Average Dividend Yield is 2.02.

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