NYSE:FR First Industrial Realty Trust (FR) Stock Forecast, Price & News $48.91 -0.14 (-0.29%) (As of 09/25/2023 ET) Add Compare Share Share Today's Range$48.41▼$48.9750-Day Range$48.91▼$53.6652-Week Range$42.91▼$55.51Volume580,712 shsAverage Volume851,139 shsMarket Capitalization$6.47 billionP/E Ratio20.46Dividend Yield2.62%Price Target$58.86 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability First Industrial Realty Trust MarketRank™ ForecastAnalyst RatingHold2.43 Rating ScoreUpside/Downside20.3% Upside$58.86 Price TargetShort InterestHealthy1.91% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.91Upright™ Environmental ScoreNews Sentiment0.90Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth8.64%From $2.43 to $2.64 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.89 out of 5 starsFinance Sector124th out of 845 stocksReal Estate Investment Trusts Industry22nd out of 183 stocks 2.2 Analyst's Opinion Consensus RatingFirst Industrial Realty Trust has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 4 buy ratings, 2 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $58.86, First Industrial Realty Trust has a forecasted upside of 20.3% from its current price of $48.91.Amount of Analyst CoverageFirst Industrial Realty Trust has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.91% of the outstanding shares of First Industrial Realty Trust have been sold short.Short Interest Ratio / Days to CoverFirst Industrial Realty Trust has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Industrial Realty Trust has recently decreased by 8.33%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldFirst Industrial Realty Trust pays a meaningful dividend of 2.61%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Industrial Realty Trust has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of First Industrial Realty Trust is 53.56%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Industrial Realty Trust will have a dividend payout ratio of 48.48% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFirst Industrial Realty Trust has received a 32.28% net impact score from Upright. First Industrial Realty seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in industrial, logistics and warehousing buildings", "Industrial and logistics property leasing services", and "Real estate development services of industrial buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for First Industrial Realty Trust is -0.91. Previous Next 3.3 News and Social Media Coverage News SentimentFirst Industrial Realty Trust has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 13 news articles for First Industrial Realty Trust this week, compared to 3 articles on an average week.MarketBeat Follows1 people have added First Industrial Realty Trust to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Industrial Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.84% of the stock of First Industrial Realty Trust is held by insiders.Percentage Held by Institutions98.36% of the stock of First Industrial Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for First Industrial Realty Trust are expected to grow by 8.64% in the coming year, from $2.43 to $2.64 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Industrial Realty Trust is 20.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.48.Price to Earnings Ratio vs. SectorThe P/E ratio of First Industrial Realty Trust is 20.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 84.06.Price to Book Value per Share RatioFirst Industrial Realty Trust has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Industrial Realty Trust (NYSE:FR) StockFirst Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 69.4 million square feet of industrial space as of June 30, 2023.Read More FR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart FR Stock News HeadlinesSeptember 24, 2023 | marketbeat.com4 Reasons Why REITs Will Soar in 2024 (and 2 Tickers to Buy Now)September 22, 2023 | americanbankingnews.comAnalysts Offer Predictions for First Industrial Realty Trust, Inc.'s FY2023 Earnings (NYSE:FR)September 25, 2023 | Legacy Research (Ad)Watch SHOCKING Footage of AI Facility with Ties to Elon MuskI recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.September 21, 2023 | americanbankingnews.comKeyCorp Weighs in on First Industrial Realty Trust, Inc.'s Q3 2023 Earnings (NYSE:FR)September 16, 2023 | americanbankingnews.comFrasers Logistics & Commercial Trust (OTCMKTS:FRLOF) and First Industrial Realty Trust (NYSE:FR) Financial ComparisonSeptember 7, 2023 | technews.tmcnet.comEssential Properties Realty Trust, Inc. Announces Quarterly Dividend of $0.28 Per Share for the Third Quarter of 2023August 10, 2023 | seekingalpha.comFirst Industrial Realty Trust, Inc. 2023 Q3 - Results - Earnings Call PresentationAugust 8, 2023 | markets.businessinsider.comTruist Financial Remains a Buy on First Industrial Realty (FR)September 25, 2023 | Legacy Research (Ad)Watch SHOCKING Footage of AI Facility with Ties to Elon MuskI recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.July 24, 2023 | insidermonkey.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Q2 2023 Earnings Call TranscriptJuly 21, 2023 | finance.yahoo.comQ2 2023 First Industrial Realty Trust Inc Earnings CallJuly 20, 2023 | forbes.com3 Ignored Dividends Growing 66%+ (With Upside Ahead)July 20, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These NA Companies: First Industrial Realty (FR), Crown Castle (CCI) and Las Vegas Sands (LVS)July 19, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About First Industrial Realty Trust (FR) Q2 EarningsJuly 19, 2023 | finance.yahoo.comFIRST INDUSTRIAL REALTY TRUST REPORTS SECOND QUARTER 2023 RESULTSJuly 6, 2023 | insidermonkey.com5 Best Extremely Profitable Stocks to BuyJuly 6, 2023 | finance.yahoo.comFirst Industrial Realty Trust to Host Second Quarter 2023 Results Conference Call on July 20June 23, 2023 | bizjournals.comFirst Industrial, Butters expand 2.5M-square-foot business park in $16M dealJune 12, 2023 | markets.businessinsider.comFirst Industrial Realty (FR) Receives a Hold from Mizuho SecuritiesJune 12, 2023 | msn.comMizuho Reiterates First Industrial Realty Trust (FR) Neutral RecommendationJune 8, 2023 | bizjournals.comVanTrust Real Estate eyes expansion opportunities in other markets. Here's where it's looking.May 5, 2023 | msn.comRBC Capital Maintains First Industrial Realty Trust (FR) Outperform RecommendationApril 24, 2023 | msn.comBaird Maintains First Industrial Realty Trust (FR) Outperform RecommendationApril 24, 2023 | finance.yahoo.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Q1 2023 Earnings Call TranscriptApril 24, 2023 | seekingalpha.comFirst Industrial: Positive Developments And Forward Guidance But Shares Appear Fairly ValuedApril 21, 2023 | markets.businessinsider.comBarclays Sticks to Their Buy Rating for First Industrial Realty (FR)April 21, 2023 | finance.yahoo.comQ1 2023 First Industrial Realty Trust Inc Earnings CallSee More Headlines Receive FR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Industrial Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address FR Company Calendar Last Earnings7/20/2022Ex-Dividend for 7/17 Dividend6/29/2023Dividend Payable7/17/2023Today9/25/2023Ex-Dividend for 10/16 Dividend9/28/2023Dividend Payable10/16/2023Next Earnings (Estimated)10/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:FR CUSIP32054K10 CIK921825 Webwww.firstindustrial.com Phone(312) 344-4300Fax312-922-6320Employees157Year Founded1994Price Target and Rating Average Stock Price Forecast$58.86 High Stock Price Forecast$65.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+20.7%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.39 Trailing P/E Ratio20.40 Forward P/E Ratio20.07 P/E GrowthN/ANet Income$359.13 million Net Margins54.01% Pretax Margin52.71% Return on Equity12.53% Return on Assets6.37% Debt Debt-to-Equity Ratio0.85 Current Ratio0.95 Quick Ratio0.95 Sales & Book Value Annual Sales$539.93 million Price / Sales11.94 Cash Flow$3.87 per share Price / Cash Flow12.59 Book Value$19.15 per share Price / Book2.55Miscellaneous Outstanding Shares132,250,000Free Float131,143,000Market Cap$6.45 billion OptionableOptionable Beta0.97 Social Links 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Peter E. Baccile (Age 61)Pres, CEO & Director Comp: $2.51MMr. Johannson L. Yap (Age 60)Co-Founder, Chief Investment Officer & Exec. VP of West Region Comp: $1.58MMr. Scott A. Musil (Age 55)CFO, Sr. VP, Treasurer & Assistant Sec. Comp: $946.9kMs. Jennifer E. Matthews Rice (Age 52)Gen. Counsel & Sec. Comp: $713.65kMr. Peter O. Schultz Jr. (Age 60)Exec. VP of East Region Comp: $1.31MMr. Christopher M. Schneider CPASr. VP of Operations & Chief Information OfficerMs. Sara E. NiemiecChief Accounting OfficerMr. Arthur J. HarmonVP of Investor Relations & MarketingMr. Robert J. WalterSr. VP of Capital Markets & Asset ManagementMr. Adam MooreSr. Regional Director of Chicago - MilwaukeeMore ExecutivesKey CompetitorsSTAG IndustrialNYSE:STAGEastGroup PropertiesNYSE:EGPBrixmor Property GroupNYSE:BRXNNN REITNYSE:NNNHealthcare Realty TrustNYSE:HRView All CompetitorsInsiders & InstitutionsWolverine Trading LLCBought 1,305 shares on 8/23/2023Ownership: 0.006%Virginia Retirement Systems ET ALBought 335,590 shares on 8/22/2023Ownership: 0.254%California State Teachers Retirement SystemSold 4,757 shares on 8/21/2023Ownership: 0.121%Teachers Retirement System of The State of KentuckyBought 2,179 shares on 8/21/2023Ownership: 0.018%Osaic Holdings Inc.Bought 1,209 shares on 8/21/2023Ownership: 0.016%View All Insider TransactionsView All Institutional Transactions FR Stock - Frequently Asked Questions Should I buy or sell First Industrial Realty Trust stock right now? 7 Wall Street 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 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 forecast for 2023? 7 Wall Street analysts have issued twelve-month price objectives for First Industrial Realty Trust's stock. Their FR share price forecasts range from $48.00 to $65.00. On average, they predict the company's stock price to reach $58.86 in the next year. This suggests a possible upside of 20.7% 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 2023? First Industrial Realty Trust's stock was trading at $48.26 at the beginning of the year. Since then, FR shares have increased by 1.0% and is now trading at $48.76. View the best growth stocks for 2023 here. Are investors shorting First Industrial Realty Trust? First Industrial Realty Trust saw a decrease in short interest in the month of 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 trading volume of 924,600 shares, the days-to-cover ratio is currently 2.7 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, October 18th 2023. View our FR earnings forecast. How were First Industrial Realty Trust's earnings last quarter? First Industrial Realty Trust, Inc. (NYSE:FR) announced its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share 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 the consensus estimate 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 firm's revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the company earned $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 announced a quarterly dividend on Thursday, August 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, September 28th. Read our dividend analysis for FR. What ETFs hold First Industrial Realty Trust's stock? 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). Is First Industrial Realty Trust a good dividend stock? First Industrial Realty Trust (NYSE:FR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.61%. 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. What guidance has First Industrial Realty Trust issued on next quarter's earnings? 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 estimate of $2.42. 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). What is First Industrial Realty Trust's stock symbol? First Industrial Realty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "FR." Who are First Industrial Realty Trust's major shareholders? First Industrial Realty Trust's stock is owned by many different 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is First Industrial Realty Trust's stock price today? One share of FR stock can currently be purchased for approximately $48.76. How much money does First Industrial Realty Trust make? First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.45 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. How many employees does First Industrial Realty Trust have? The company employs 157 workers across the globe. How can I contact First Industrial Realty Trust? 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. This page (NYSE:FR) was last updated on 9/25/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Industrial Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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