NYSE:FR

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

$46.03
-0.44 (-0.95%)
(As of 04/24/2024 ET)
Today's Range
$45.85
$46.40
50-Day Range
$45.59
$54.81
52-Week Range
$40.44
$55.22
Volume
1.20 million shs
Average Volume
1.17 million shs
Market Capitalization
$6.09 billion
P/E Ratio
21.21
Dividend Yield
3.22%
Price Target
$54.44

First Industrial Realty Trust MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
16.8% Upside
$53.78 Price Target
Short Interest
Healthy
1.16% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
0.86mentions of First Industrial Realty Trust in the last 14 days
Based on 12 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.

4.96 out of 5 stars

Finance Sector

15th out of 851 stocks

Real Estate Investment Trusts Industry

3rd out of 179 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 68.5 million square feet of industrial space as of December 31, 2023.

FR Stock Price History

FR Stock News Headlines

The "Smart Money" Is Ready for May 1st Are You?
Former Wall Street VP: "Buy This Stock Now" Five of America's Most Successful Investors Bought Shares in The Same Company.
First Industrial Realty Trust, Inc.
The "Smart Money" Is Ready for May 1st Are You?
Former Wall Street VP: "Buy This Stock Now" Five of America's Most Successful Investors Bought Shares in The Same Company.
Beyond The Numbers: 5 Analysts Discuss First Industrial Realty Stock
Forecasting The Future: 4 Analyst Projections For First Industrial Realty
Q4 2023 First Industrial Realty Trust Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/24/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
CUSIP
32054K10
Employees
156
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$53.78
High Stock Price Target
$60.00
Low Stock Price Target
$42.00
Potential Upside/Downside
+18.3%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
11 Analysts

Profitability

Net Income
$274.82 million
Pretax Margin
46.63%

Debt

Sales & Book Value

Annual Sales
$614.03 million
Cash Flow
$3.36 per share
Book Value
$20.20 per share

Miscellaneous

Free Float
131,097,000
Market Cap
$6.09 billion
Optionable
Optionable
Beta
1.01

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FR Stock Analysis - Frequently Asked Questions

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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 2 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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?

11 analysts have issued 1 year price objectives for First Industrial Realty Trust's shares. Their FR share price targets range from $42.00 to $60.00. On average, they predict the company's stock price to reach $53.78 in the next year. This suggests a possible upside of 16.8% 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 start of the year. Since then, FR stock has decreased by 12.6% and is now trading at $46.03.
View the best growth stocks for 2024 here
.

Are investors shorting First Industrial Realty Trust?

First Industrial Realty Trust saw a decrease in short interest in March. As of March 31st, there was short interest totaling 1,530,000 shares, a decrease of 19.9% from the March 15th total of 1,910,000 shares. Based on an average trading volume of 1,140,000 shares, the short-interest ratio is currently 1.3 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, July 17th 2024.
View our FR earnings forecast
.

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

First Industrial Realty Trust, Inc. (NYSE:FR) announced its quarterly earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share 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 analysts' expectations of $127.55 million. First Industrial Realty Trust had a net margin of 45.83% and a trailing twelve-month return on equity of 10.97%. The firm's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the business 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 declared a quarterly dividend on Wednesday, February 7th. Stockholders 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 3.22%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase 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 3.23%. 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 68.20%. 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, April, 17th. The company provided earnings per share (EPS) guidance of 2.550-2.650 for the period, compared to the consensus estimate of 2.610. 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 many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.96%), State of Alaska Department of Revenue (0.18%), Amalgamated Bank (0.05%), Louisiana State Employees Retirement System (0.03%), State of Michigan Retirement System (0.02%) and Raymond James Financial Services Advisors Inc. (0.02%). 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 4/25/2024 by MarketBeat.com Staff

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