Rexford Industrial Realty Inc.’s (REXR) $74.04: At This Price, It’s Worthwhile – Stocks Register
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Rexford Industrial Realty Inc.’s (REXR) $74.04: At This Price, It’s Worthwhile

Rexford Industrial Realty Inc. (NYSE:REXR) concluded the trading at $74.04 on Friday, January 14 with a fall of -0.98% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $74.77 and 5Y monthly beta was reading 0.68 with its price kept floating in the range of $73.11 and $74.72 on the day. Company’s P/E ratio for the trailing 12 months is 110.18. Considering stock’s 52-week price range provides that REXR hit a high price of $81.68 and saw its price falling to a low level of $45.90 during that period. Over a period of past 1-month, stock came subtracting -3.78% in its value.

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With its current market valuation of $11.47 billion, Rexford Industrial Realty Inc. is set to declare its quarterly results on Jan 10, 2022 – Jan 14, 2022. REXR Stock’s Forward Dividend of 0.96 and its yield of 1.30% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.15 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $0.69 for 2021 with estimates of that growing to $0.75 in next year. These estimates are suggesting current year growth of 35.30% for EPS and 8.70% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $127.36 million. They suggested that in the process company could generate revenue of as low as $124 million which could climb up to $133.22 million to hit a high. The average estimate is representing an increase of 43.70% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $446.67 million in 2021, which will be 35.30% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review REXR stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the REXR stock which is currently positioned at 11.02. It further provides that stock’s current price level is -4.50% away from its 20-day simple moving average and is 0.24% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 40.48 while volatility remained at 1.57% over the past week which changes to 1.91% when measuring it over the past month. Beta is valued at 0.73, while measure of average true range or ATR is currently at 1.52.

In comparing Rexford Industrial Realty Inc. (REXR)’s stock with other industry players reveals that stock’s current price change of -0.98% and that of 55.35% over the past 12 months is in competing position with that of First Industrial Realty Trust Inc. (FR) which saw its stock price raised by 0.50% in the last trading and went through an increase of 52.22% in past 12-month trading. Industry’s another major player Prologis Inc. (PLD) has fall -0.27% down in previous session, but over the past year has faced a rise of 56.37%, while Monmouth Real Estate Investment Corporation (MNR) was also down -0.05% however its price remained floating in the green at 18.87% over the same period. Rexford Industrial Realty Inc. has a P/E ratio of 110.18 against that of First Industrial Realty Trust Inc.’s 33.61 while Prologis Inc. is showing 57.79 for the same. On the other hand, Dow Jones Industrial closed the session lower at -0.56%.

Having a second look at Rexford Industrial Realty Inc. (NYSE:REXR) provides that stock’s average daily trading volume for 3 months was 1.14 million. Number of outstanding shares of the stock stood at 151.49 million.

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Subtraction of -8.72% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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