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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 4 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.
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7 Wall Street research analysts have issued 1-year price objectives for First Industrial Realty Trust's stock. Their FR share price forecasts range from $48.00 to $65.00. On average, they anticipate the company's stock price to reach $58.86 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
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First Industrial Realty Trust's stock was trading at $48.26 at the beginning of the year. Since then, FR shares have increased by 1.6% and is now trading at $49.05.
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First Industrial Realty Trust saw a decrease in short interest in August. As of August 31st, there was short interest totaling 2,530,000 shares, a decrease of 8.3% from the August 15th total of 2,760,000 shares. Based on an average daily volume of 924,600 shares, the days-to-cover ratio is currently 2.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
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First Industrial Realty Trust, Inc. (NYSE:FR) announced its quarterly earnings data on Wednesday, July, 20th. The real estate investment trust reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.35. The real estate investment trust earned $130 million during the quarter, compared to analyst estimates of $127.55 million. First Industrial Realty Trust had a trailing twelve-month return on equity of 12.53% and a net margin of 54.01%. The company's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS.

First Industrial Realty Trust announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 29th will be paid a dividend of $0.32 per share on Monday, October 16th. This represents a $1.28 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for FR.

ETFs with the largest weight of First Industrial Realty Trust (NYSE:FR) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA), JPMorgan Realty Income ETF (JPRE), ALPS Active REIT ETF (REIT), Invesco Active U.S. Real Estate ETF (PSR), Private Real Estate Strategy via Liquid REITs ETF (PRVT) and IQ CBRE NextGen Real Estate ETF (ROOF).

First Industrial Realty Trust (NYSE:FR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.51%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 53.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 48.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FR.

First Industrial Realty Trust issued an update on its FY 2023 earnings guidance on Thursday, July, 20th. The company provided earnings per share guidance of $2.35-$2.43 for the period, compared to the consensus EPS estimate of $2.42. The company issued revenue guidance of -.

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.

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).

First Industrial Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "FR."

First Industrial Realty Trust's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.70%), Principal Financial Group Inc. (7.16%), State Street Corp (5.52%), Centersquare Investment Management LLC (2.74%), Cohen & Steers Inc. (2.40%) and JPMorgan Chase & Co. (2.17%). Insiders that own company stock include Johannson L Yap, Peter Schultz and Scott A Musil.
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Shares of FR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FR stock can currently be purchased for approximately $49.05.

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.49 billion and generates $539.93 million in revenue each year. The real estate investment trust earns $359.13 million in net income (profit) each year or $2.39 on an earnings per share basis.

The company employs 157 workers across the globe.

First Industrial Realty Trust's mailing address is 1 N. Wacker Drive Suite 4200, CHICAGO IL, 60606. The official website for the company is www.firstindustrial.com. The real estate investment trust can be reached via phone at (312) 344-4300, via email at ir@firstindustrial.com, or via fax at 312-922-6320.