Stocks of Rexford Industrial Realty Inc (REXR) are poised to climb above their peers

With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.48 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $50.57 whereas the lowest price it dropped to was $49.78. The 52-week range on REXR shows that it touched its highest point at $58.02 and its lowest point at $41.56 during that stretch. It currently has a 1-year price target of $54.47. With its current market cap of 11.04 billion, REXR has annualized dividend of $1.59 while the current yield stands at 3.17%. REXR paid its most recent dividend on 1719532800, while the ex-dividend date for that was 1727654400. Beta for the stock currently stands at 0.94.

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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 up-trending over the past week, with a rise of 0.78%, but this was up by 1.25% over a month. Three-month performance surged to 9.61% while six-month performance fell -2.54%. The stock lost -2.58% in the past year, while it has lost -10.32% so far this year. A look at the trailing 12-month EPS for REXR yields 1.21 with Next year EPS estimates of 1.35. For the next quarter, that number is 0.28. This implies an EPS growth rate of 7.46% for this year and 12.11% 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 22.03%.

Float and Shares Shorts:

At present, 219.49 million REXR shares are outstanding with a float of 219.03 million shares on hand for trading. On 2024-07-31, short shares totaled 5.25 million, which was 239.0 higher than short shares on 1719532800. 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 1.1929001 of REXR’s outstanding shares, institutional investors have minority control over the company.

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 2024-06-30, REXR reported revenue of $237573000.0 and operating income of $98465000.0. The EBITDA in the recently reported quarter was $166057000.0 and diluted EPS was $0.37.

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.