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NYSE:FR

First Industrial Realty Trust (FR) Stock Price, News & Analysis

$53.15
+0.15 (+0.28%)
(As of 04:00 PM ET)
Today's Range
$52.17
$53.50
50-Day Range
$50.57
$54.81
52-Week Range
$40.44
$55.22
Volume
1.57 million shs
Average Volume
1.16 million shs
Market Capitalization
$7.03 billion
P/E Ratio
25.68
Dividend Yield
2.78%
Price Target
$55.56

First Industrial Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
4.5% Upside
$55.56 Price Target
Short Interest
Healthy
1.18% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
1.42mentions of First Industrial Realty Trust in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.11%
From $2.61 to $2.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Finance Sector

98th out of 868 stocks

Real Estate Investment Trusts Industry

18th out of 178 stocks


FR stock logo

About First Industrial Realty Trust Stock (NYSE:FR)

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 69.4 million square feet of industrial space as of September 30, 2023.

FR Stock Price History

FR Stock News Headlines

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Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Forecasting The Future: 4 Analyst Projections For First Industrial Realty
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Q4 2023 First Industrial Realty Trust Inc Earnings Call
Elmhurst Industrial Firm Plans Expansion
First Financial Corporation Reports 2023 Results
Unveiling 4 Analyst Insights On First Industrial Realty
Arbor Realty Trust: High Yield, But Not That Appealing
Arbor Realty Trust: High-King Of mREITs
First Industrial Realty Trust Inc FR
See More Headlines
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Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Today
3/01/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
32054K10
Employees
157
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$55.56
High Stock Price Target
$63.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+4.8%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$274.82 million
Pretax Margin
42.72%

Debt

Sales & Book Value

Annual Sales
$614.03 million
Cash Flow
$3.36 per share
Book Value
$19.91 per share

Miscellaneous

Free Float
131,612,000
Market Cap
$7.01 billion
Optionable
Optionable
Beta
1.02

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FR Stock Analysis - Frequently Asked Questions

Should I buy or sell First Industrial Realty Trust stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FR, but not buy additional shares or sell existing shares.
View FR analyst ratings
or view top-rated stocks.

What is First Industrial Realty Trust's stock price target for 2024?

10 brokers have issued 1 year price targets for First Industrial Realty Trust's shares. Their FR share price targets range from $42.00 to $63.00. On average, they expect the company's share price to reach $55.56 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for FR
or view top-rated stocks among Wall Street analysts.

How have FR shares performed in 2024?

First Industrial Realty Trust's stock was trading at $52.67 at the beginning of 2024. Since then, FR shares have increased by 0.9% and is now trading at $53.15.
View the best growth stocks for 2024 here
.

Are investors shorting First Industrial Realty Trust?

First Industrial Realty Trust saw a increase in short interest in February. As of February 15th, there was short interest totaling 1,560,000 shares, an increase of 9.9% from the January 31st total of 1,420,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the short-interest ratio is currently 1.4 days.
View First Industrial Realty Trust's Short Interest
.

When is First Industrial Realty Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our FR earnings forecast
.

How were First Industrial Realty Trust's earnings last quarter?

First Industrial Realty Trust, Inc. (NYSE:FR) issued its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.35. The real estate investment trust earned $130 million during the quarter, compared to analysts' expectations of $127.55 million. First Industrial Realty Trust had a net margin of 44.76% and a trailing twelve-month return on equity of 10.64%. The company's revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS.

How often does First Industrial Realty Trust pay dividends? What is the dividend yield for First Industrial Realty Trust?

First Industrial Realty Trust declared a quarterly dividend on Wednesday, February 7th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.37 per share on Monday, April 15th. This represents a $1.48 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for FR
.

Is First Industrial Realty Trust a good dividend stock?

First Industrial Realty Trust (NYSE:FR) pays an annual dividend of $1.48 per share and currently has a dividend yield of 2.40%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 71.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 51.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FR.

What guidance has First Industrial Realty Trust issued on next quarter's earnings?

First Industrial Realty Trust issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 2.540-2.640 for the period, compared to the consensus estimate of 2.590. The company issued revenue guidance of -.

What is Bruce W. Duncan's approval rating as First Industrial Realty Trust's CEO?

12 employees have rated First Industrial Realty Trust Chief Executive Officer Bruce W. Duncan on Glassdoor.com. Bruce W. Duncan has an approval rating of 71% among the company's employees.

What other stocks do shareholders of First Industrial Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some companies that other First Industrial Realty Trust investors own include Cisco Systems (CSCO), Prologis (PLD), AT&T (T), Verizon Communications (VZ), Realty Income (O), Omega Healthcare Investors (OHI), Pfizer (PFE), Procter & Gamble (PG), Exxon Mobil (XOM) and Mondi (MNDI).

Who are First Industrial Realty Trust's major shareholders?

First Industrial Realty Trust's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (14.45%), Principal Financial Group Inc. (5.44%), Centersquare Investment Management LLC (3.44%), Nomura Holdings Inc. (2.35%), Charles Schwab Investment Management Inc. (1.54%) and Dimensional Fund Advisors LP (1.44%). Insiders that own company stock include Johannson L Yap, Peter Schultz and Scott A Musil.
View institutional ownership trends
.

How do I buy shares of First Industrial Realty Trust?

Shares of FR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FR) was last updated on 3/1/2024 by MarketBeat.com Staff