The time has not yet come to remove your chips from the table: Rexford Industrial Realty Inc. (REXR)

Rexford Industrial Realty Inc. (NYSE: REXR) stock jumped 1.52% on Thursday to $52.84 against a previous-day closing price of $52.05. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.41 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $52.96 whereas the lowest price it dropped to was $52.48. The 52-week range on REXR shows that it touched its highest point at $66.71 and its lowest point at $48.74 during that stretch. It currently has a 1-year price target of $62.56. With its current market cap of 11.03 billion, REXR has annualized dividend of $1.52 while the current yield stands at 2.88%. Beta for the stock currently stands at 0.84.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of REXR was down-trending over the past week, with a drop of -1.71%, but this was up by 2.32% over a month. Three-month performance dropped to -0.55% while six-month performance fell -9.29%. The stock lost -15.75% in the past year, while it has lost -3.29% so far this year. A look at the trailing 12-month EPS for REXR yields 0.99 with Next year EPS estimates of 1.36. For the next quarter, that number is 0.27. This implies an EPS growth rate of 15.40% for this year and 24.09% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.90%.

Float and Shares Shorts:

At present, 206.44 million REXR shares are outstanding with a float of 205.85 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.71 million, which was 4.22% higher than short shares on Jul 30, 2023. In addition to Mr. Howard Schwimmer as the firm’s Co-CEO & Director, Mr. Michael S. Frankel serves as its Co-CEO & Director.

Institutional Ownership:

Through their ownership of 100.74% of REXR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 59.63% of REXR, in contrast to 47.38% held by mutual funds. Shares owned by individuals account for 0.29%. As the largest shareholder in REXR with 13.20% of the stake, The Vanguard Group, Inc. holds 27,254,566 shares worth 27,254,566. A second-largest stockholder of REXR, BlackRock Fund Advisors, holds 20,030,972 shares, controlling over 9.70% of the firm’s shares. Principal Global Investors LLC is the third largest shareholder in REXR, holding 13,532,502 shares or 6.56% stake. With a 4.10% stake in REXR, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 8,464,510 shares are owned by the mutual fund manager. The iShares Core S&P Mid Cap ETF, which owns about 3.13% of REXR stock, is the second-largest Mutual Fund holder. It holds 6,450,860 shares valued at 355.38 million. Vanguard Total Stock Market ETF holds 2.87% of the stake in REXR, owning 5,920,734 shares worth 326.17 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, REXR reported revenue of $149.12M and operating income of $52.24M. The EBITDA in the recently reported quarter was $98.56M and diluted EPS was $0.22.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for REXR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With REXR analysts setting a high price target of $72.00 and a low target of $52.00, the average target price over the next 12 months is $62.64. Based on these targets, REXR could surge 36.26% to reach the target high and fall by -1.59% to reach the target low. Reaching the average price target will result in a growth of 18.55% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded REXR stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 7,410 shares were bought while 7,410 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 76,751 while 59,693 shares were sold.

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