Rexford Industrial Realty, Inc. (NYSE:REXR) shares saw a recent bid of $27.56 and 580.53TH shares have exchanged hands in the recent trading session, yielding a -1.75% decline over the past week.REXR price increased 1.21% or $-0.33 versus $27.23 at the end of the prior session. This change led market cap to move at $1.84B, putting the price -5.03% below the 52-week high and 37.46% above the 52-week low. The company’s stock has a normal trading capacity of 541.95K shares while the relative volume is 1.07.
Is Rexford Industrial Realty, Inc. (NYSE:REXR) Worth Buying?
By historical standards, Rexford Industrial Realty, Inc. (NYSE:REXR) remains a cheap stock. REXR’s current price-earnings ratio amounts to 58.94 times earnings, above the average P/E ratio of 31.42 times earnings. For now, REXR is the toast of Wall Street as its ABR stands at 2.10 with 4 out of 10 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 2.22% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price up 18.84% since January. Over the past 2 quarters, Rexford Industrial Realty, Inc. (NYSE:REXR) is up 22.60%, compared with a gain of nearly 8.85% for 3 months and about -0.43% for the past 30 days.
Rexford Industrial Realty, Inc. (REXR) Has Mean Target Price of $27.25
To stay one step ahead we extended our research by comparing different price targets. Rexford Industrial Realty, Inc. (NYSE:REXR) notched a 12-month high of $28.20 while $34.00 target is by far the most aggressive out of analysts who are currently evaluating REXR, $5.8 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $23.00, which would be decrease of about -17% of its current value. The mean target of $27.25 should be compared with the price when the stock was languishing around $20.05 a share. And it remains to be seen which target price REXR can achieve without sacrificing much as the company is holding a 23.37% gain for the past twelve months.
Rexford Industrial Realty, Inc. Revenue Estimate is $132.47 Million
Revenue for the quarter also did not kill consensus, coming in at $31.13 Million, compared to the consensus of 31.42 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.05. The company is expected to report EPS as high as $0.10 and as low as $0.02 per share. Similarly, full-year EPS forecasts have ranged between $0.12 and $0.38. The mean EPS estimate is $0.29. On the other side, sales forecasts for the current quarter are $34.95 Million. The stock is expected to report revenue as high as $39.72 Million and as low as $31.36 Million per share. Similarly, full-year sales forecasts have ranged between $123.9 Million and $138.44 Million. The mean revenue estimate is $132.47 Million.
Over the last 5 years, Rexford Industrial Realty, Inc. has averaged a 2.20% YoY EPS growth rate and a 35.00% revenue growth rate. Analysts are expecting EPS growth rates to be at -47.20% this quarter and EPS estimate for next year reflect 0.00% growth rate.
What Guru’s think About Is Rexford Industrial Realty, Inc. (NYSE:REXR)
Sell-side analysts also have something to say about this REXR. FBR & Co. analysts stated on 08/08/2017 that they maintained their Mkt Perform rating. Hudson Securities analysts stated on 16/05/2016 that they maintained their Hold rating. Stifel analysts stated on 15/04/2016 that they maintained their Buy rating.