The price of Rexford Industrial Realty Inc (NYSE: REXR) closed at $51.08 in the last session, up 0.08% from day before closing price of $51.04. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 859086 shares were traded. REXR stock price reached its highest trading level at $51.57 during the session, while it also had its lowest trading level at $50.92.
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 328.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.25. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.31.
On January 05, 2024, Robert W. Baird Downgraded its rating to Neutral which previously was Outperform and also upped its target price recommendation from $53 to $61.
Scotiabank Upgraded its Sector Perform to Sector Outperform on November 08, 2023, while the target price for the stock was maintained at $55.
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 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. The Chief Financial Officer now owns 2,562 shares after completing the transaction at $54.48 per share. On Apr 28, another insider, Schwimmer Howard, who serves as the Co-CEO, Co-President of the company, sold 35,505 shares for $55.94 each. As a result, the insider received 1,986,093 and left with 50,862 shares of the company.
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 10.99B and an Enterprise Value of 13.33B. As of this moment, Rexford’s Price-to-Earnings (P/E) ratio for their current fiscal year is 45.61, and their Forward P/E ratio for the next fiscal year is 37.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.84 while its Price-to-Book (P/B) ratio in mrq is 1.43. Its current Enterprise Value per Revenue stands at 16.71 whereas that against EBITDA is 24.00.
Stock Price History:
Over the past 52 weeks, REXR has reached a high of $61.82, while it has fallen to a 52-week low of $41.56. The 50-Day Moving Average of the stock is 54.39, while the 200-Day Moving Average is calculated to be 51.91.
Shares Statistics:
According to the various share statistics, REXR traded on average about 1.61M shares per day over the past 3-months and 1.44M shares per day over the past 10 days. A total of 215.09M shares are outstanding, with a floating share count of 214.63M. Insiders hold about 0.21% of the company’s shares, while institutions hold 101.17% stake in the company. Shares short for REXR as of Jan 31, 2024 were 4.08M with a Short Ratio of 2.53, compared to 7.29M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.92% and a Short% of Float of 2.51%.
Dividends & Splits
The forward annual dividend rate for REXR is 1.52, which was 1.52 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 2.98%, it implies a Forward Annual Dividend Yield of 3.27%. The stock’s 5-year Average Dividend Yield is 1.89.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.28 and a low estimate of $0.25, while EPS last year was $0.3. The consensus estimate for the next quarter is $0.28, with high estimates of $0.3 and low estimates of $0.26.
Analysts are recommending an EPS of between $1.19 and $1.05 for the fiscal current year, implying an average EPS of $1.13. EPS for the following year is $1.37, with 4 analysts recommending between $1.52 and $1.2.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $208.47M. It ranges from a high estimate of $216.19M to a low estimate of $181.49M. As of the current estimate, Rexford Industrial Realty Inc’s year-ago sales were $184.66M, an estimated increase of 12.90% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for REXR’s current fiscal year. The highest revenue estimate was $936.18M, while the lowest revenue estimate was $798.28M, resulting in an average revenue estimate of $876.06M. In the same quarter a year ago, actual revenue was $797.83M, up 9.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.02B in the next fiscal year. The high estimate is $1.17B and the low estimate is $898M. The average revenue growth estimate for next year is up 16.50% from the average revenue estimate for this year.
