Why Is Rexford Industrial Realty Inc (REXR) Stock Lagging Behind -12.07% from Its 50-Day SMA?

Scotiabank has recently reduced Rexford Industrial Realty Inc (REXR) stock to Sector Perform rating, as announced on October 25, 2024, according to Finviz. Earlier, on October 21, 2024, BofA Securities had reduced the stock from a Buy to Neutral, setting a price target of $49 for REXR stock. Evercore ISI also initiated Outperform rating with a price target of $54. Additionally, Wedbush initiated Neutral rating on April 22, 2024, with a target price of $45. Barclays analysts, in their report published on March 27, 2024, also initiated Underweight rating and set a price target of $45 for Rexford Industrial Realty Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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Rexford Industrial Realty Inc (REXR) Stock Trading Recap

On Thursday, Rexford Industrial Realty Inc (REXR) stock saw a decline, ending the day at $42.89 which represents a decrease of $-1.14 or -2.59% from the prior close of $44.03. The stock opened at $43.88 and touched a low of $42.85 during the day, reaching a high of $43.99. The volume of shares traded was 1.84 million exceeding the average volume of 1.62 million.

REXR Stock Performance and Moving Averages

In recent trading, Rexford Industrial Realty Inc (REXR) stock price has shown some volatility, fluctuating -3.79% over the last five trades and -12.33% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -1.36%, and it has plunged by -12.77% in the previous three months. Currently, REXR is trading at -6.44%, -12.07%, and -11.55% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, REXR, a Real Estate sector stock, is trading -26.08% below its 52-week high but remains 2.39% above its 52-week low. The Average True Range (ATR) (14 days) of 1.11 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Rexford Industrial Realty Inc’s Profitability and Valuation Ratios

Rexford Industrial Realty Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 38.96% and a profit margin of 29.43%, with a gross margin of -1.36%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Rexford Industrial Realty Inc’s market capitalization stands at $9.54 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 34.86, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 32.69. Additionally, the Price-to-Sales Ratio is 10.59, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.19, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.21% of Rexford Industrial Realty Inc (REXR)’s shares, while financial institutions hold 107.69%.

Notable insider trades include CLARK LAURA E, Chief Financial Officer at Rexford Industrial Realty Inc (REXR), who sold 14185 shares on Sep 10 ’24, at $50.15 each, totaling $0.71 million. On Jul 26 ’24, Schwimmer Howard, Co-CEO, Co-President, sold 30358 shares for $48.86 each, amounting to $1.48 million. Additionally, on Feb 12 ’24, Lanzer David E. sold 18113 shares at $52.69 each, generating $0.95 million.

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