Wednesday, July 15, 2020

Rexford Industrial Realty Inc. [REXR] Revenue clocked in at $284.50 million, down -10.16% YTD: REXR buys two Industrial Properties

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Rexford Industrial Realty Inc. [NYSE: REXR] gained 1.53% or 0.62 points to close at $41.03 with a heavy trading volume of 12747544 shares. A real estate investment trust about a week ago announced the acquisition of two industrial properties bought at a price of $14.7 million in Southern California. The company has completed nearly $270 million of acquisitions year-to-date.

The Co-Chief Executive Officers of the Company, Howard Schwimmer and Michael Frankel stated that they are happy to continue business activities in order to enhance the company that is research-driven. The company with the following transactions wants to add accretive industrial property investments to grow its portfolio within infill Southern California. 

It opened the trading session at $40.22, the shares rose to $41.57 and dropped to $40.02, the range by which the price of stock traded the whole day. The daily chart for REXR points out that the company has recorded -8.84% loss over the past six months. However, it is still -29.07% lower than its most recent low trading price.

If we look at the average trading volume of 1.11M shares, REXR reached to a volume of 12747544 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Rexford Industrial Realty Inc. [REXR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for REXR shares is $44.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on REXR stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

CapitalOne have made an estimate for Rexford Industrial Realty Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 04, 2020. The new note on the price target was released on December 19, 2018, representing the official price target for Rexford Industrial Realty Inc. stock.

The Average True Range (ATR) for Rexford Industrial Realty Inc. is set at 1.57, with the Price to Sales ratio for REXR stock in the period of the last 12 months amounting to 17.56. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 0.92. Price to Free Cash Flow for REXR in the course of the last twelve months was 52.81.

Trading performance analysis for REXR stock

Rexford Industrial Realty Inc. [REXR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.10. With this latest performance, REXR shares gained by 2.29% in over the last four-week period, additionally sinking by -8.84% over the last 6 months – not to mention a rise of 2.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for REXR stock in for the last two-week period is set at 49.84, with the RSI for the last a single of trading hit 50.84, and the three-weeks RSI is set at 50.92 for Rexford Industrial Realty Inc. [REXR]. The present Moving Average for the last 50 days of trading for this stock 40.23, while it was recorded at 40.60 for the last single week of trading, and 44.17 for the last 200 days.

Rexford Industrial Realty Inc. [REXR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Rexford Industrial Realty Inc. [REXR] shares currently have an operating margin of +17.73 and a Gross Margin at +39.93. Rexford Industrial Realty Inc.’s Net Margin is presently recorded at +22.79.

Return on Total Capital for REXR is now 1.56, given the latest momentum, and Return on Invested Capital for the company is 2.03. Return on Equity for this stock inclined to 2.78, with Return on Assets sitting at 1.92. When it comes to the capital structure of this company, Rexford Industrial Realty Inc. [REXR] has a Total Debt to Total Equity ratio set at 33.71. Additionally, REXR Total Debt to Total Capital is recorded at 25.21, with Total Debt to Total Assets ending up at 23.68. Long-Term Debt to Equity for the company is recorded at 37.20, with the Long-Term Debt to Total Capital now at 25.18.

Reflecting on the efficiency of the workforce at the company, Rexford Industrial Realty Inc. [REXR] managed to generate an average of $500,260 per employee. Receivables Turnover for the company is 8.61 with a Total Asset Turnover recorded at a value of 0.08.

Rexford Industrial Realty Inc. [REXR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Rexford Industrial Realty Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 200.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for REXR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rexford Industrial Realty Inc. go to 10.00%.

An analysis of insider ownership at Rexford Industrial Realty Inc. [REXR]

There are presently around $4,770 million, or 95.20% of REXR stock, in the hands of institutional investors. The top three institutional holders of REXR stocks are: VANGUARD GROUP INC with ownership of 16,431,255, which is approximately 0.483% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 12,352,902 shares of the stock with an approximate value of $506.84 million in REXR stocks shares; and PGGM INVESTMENTS, currently with $309.82 million in REXR stock with ownership of nearly -3.318% of the company’s market capitalization.

Positions in Rexford Industrial Realty Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 122 institutional holders increased their position in Rexford Industrial Realty Inc. [NYSE:REXR] by around 9,160,958 shares. Additionally, 135 investors decreased positions by around 5,745,583 shares, while 32 investors held positions by with 101,348,793 shares. The mentioned changes placed institutional holdings at 116,255,334 shares, according to the latest SEC report filing. REXR stock had 28 new institutional investments in for a total of 1,312,218 shares, while 48 institutional investors sold positions of 978,218 shares during the same period.

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