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NYSE:FR

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

$48.91
-0.14 (-0.29%)
(As of 09/25/2023 ET)
Compare
Today's Range
$48.41
$48.97
50-Day Range
$48.91
$53.66
52-Week Range
$42.91
$55.51
Volume
580,712 shs
Average Volume
851,139 shs
Market Capitalization
$6.47 billion
P/E Ratio
20.46
Dividend Yield
2.62%
Price Target
$58.86

First Industrial Realty Trust MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
20.3% Upside
$58.86 Price Target
Short Interest
Healthy
1.91% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
0.90mentions of First Industrial Realty Trust in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.64%
From $2.43 to $2.64 Per Share

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 stars

Finance Sector

124th out of 845 stocks

Real Estate Investment Trusts Industry

22nd out of 183 stocks


FR stock logo

About First Industrial Realty Trust (NYSE:FR) Stock

First 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.

FR Price History

FR Stock News Headlines

Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I 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.
Truist Financial Remains a Buy on First Industrial Realty (FR)
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I 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.
5 Best Extremely Profitable Stocks to Buy
First Industrial Realty (FR) Receives a Hold from Mizuho Securities
Barclays Sticks to Their Buy Rating for First Industrial Realty (FR)
See More Headlines
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FR Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Today
9/25/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price 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 Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$359.13 million
Pretax Margin
52.71%

Debt

Sales & Book Value

Annual Sales
$539.93 million
Cash Flow
$3.87 per share
Book Value
$19.15 per share

Miscellaneous

Free Float
131,143,000
Market Cap
$6.45 billion
Optionable
Optionable
Beta
0.97

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Key Executives

  • Mr. Peter E. Baccile (Age 61)
    Pres, CEO & Director
    Comp: $2.51M
  • Mr. Johannson L. YapMr. Johannson L. Yap (Age 60)
    Co-Founder, Chief Investment Officer & Exec. VP of West Region
    Comp: $1.58M
  • Mr. Scott A. MusilMr. Scott A. Musil (Age 55)
    CFO, Sr. VP, Treasurer & Assistant Sec.
    Comp: $946.9k
  • Ms. Jennifer E. Matthews Rice (Age 52)
    Gen. Counsel & Sec.
    Comp: $713.65k
  • Mr. Peter O. Schultz Jr.Mr. Peter O. Schultz Jr. (Age 60)
    Exec. VP of East Region
    Comp: $1.31M
  • Mr. Christopher M. Schneider CPA
    Sr. VP of Operations & Chief Information Officer
  • Ms. Sara E. Niemiec
    Chief Accounting Officer
  • Mr. Arthur J. Harmon
    VP of Investor Relations & Marketing
  • Mr. Robert J. Walter
    Sr. VP of Capital Markets & Asset Management
  • Mr. Adam Moore
    Sr. Regional Director of Chicago - Milwaukee













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
.

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

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