Why Rexford Industrial Realty, Inc. (NYSE:REXR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $22.63 on Rexford Industrial Realty, Inc. (NYSE:REXR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.87 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Rexford Industrial Realty, Inc. (NYSE:REXR) stands at 84.75.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Rexford Industrial Realty, Inc., the PEG ratio for coming 3-5 years is 3.67.

Technical Analysis

The technical analysis highlights that Rexford Industrial Realty, Inc. current is trading $0.56 points away or +2.60% from its 50-day moving average of $21.73. Further it is trading $3.08 or +16.03% away its 200-day moving average of $19.21.

The 52-week high of Rexford Industrial Realty, Inc. (NYSE:REXR) was $22.97 while lowest point recorded in 52-week was $12.57. It implies if stock price makes a movement of over $-0.68, it will record a new 52-week high. In the case of +77.33% drop, it will touch a new 52-week low.

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