Last Updated: 14 Sep 2024
Executive Summary
Rexford Industrial Realty Inc. (REXR) is a real estate investment trust (REIT) that owns and operates industrial properties in Southern California. The company has a market capitalization of $11.19 billion and a dividend yield of 0.0337%. Rexford Industrial's stock price is currently trading at $50.59, which is below its 52-week high of $56.60. The company's fundamentals are strong, with a trailing price-to-earnings ratio of 41.81 and a return on equity of 0.035. Technical analysis suggests that Rexford Industrial's stock is in a downtrend, but the company's long-term outlook is positive.
Company Overview
Rexford Industrial is a leading owner and operator of industrial properties in Southern California. The company's portfolio consists of 232 properties with approximately 27 million square feet of leasable space. Rexford Industrial's properties are located in infill markets, which are characterized by high population density and limited land availability. This gives the company a competitive advantage over other REITs that focus on suburban or rural markets.
Fundamental Analysis
Rexford Industrial's financial performance has been strong in recent years. The company's revenue has grown by an average of 10% per year over the past five years, and its earnings per share have grown by an average of 15% per year. Rexford Industrial's profit margin is 0.308, which is higher than the industry average. The company's balance sheet is also strong, with a debt-to-equity ratio of 0.45.
Technical Analysis
Rexford Industrial's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, which indicates that the stock is oversold.
Short Term Outlook
The technical analysis suggests that Rexford Industrial's stock is likely to continue to decline in the short term. The stock is currently trading below its support level of $50.00, and the RSI is below 50. However, the company's fundamentals are strong, and the stock is trading at a discount to its fair value. This suggests that the stock could be a good value for long-term investors.
Long Term Outlook
The long-term outlook for Rexford Industrial is positive. The company's fundamentals are strong, and the demand for industrial space in Southern California is expected to continue to grow. This should lead to continued growth in Rexford Industrial's revenue and earnings. The company's stock is currently trading at a discount to its fair value, which makes it a good value for long-term investors.
Analyst Recommendations
The majority of analysts have a buy rating on Rexford Industrial's stock. The average analyst target price is $55.53, which is 9.8% above the current stock price.
