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"We need batteries. Literally everywhere." (Ad)
Chevron Delights Shareholders with $75 Billion in Share Buybacks
Mergers and Acquisitions in 2023 Off To A Strong Start
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
Mullen Automotive: The Good News, The Bad And The Ugly Outlook 
The New Energy Crisis No One Saw Coming (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
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"We need batteries. Literally everywhere." (Ad)
Chevron Delights Shareholders with $75 Billion in Share Buybacks
Mergers and Acquisitions in 2023 Off To A Strong Start
S&P 500   3,852.36
DOW   32,920.46
QQQ   293.34
Mullen Automotive: The Good News, The Bad And The Ugly Outlook 
The New Energy Crisis No One Saw Coming (Ad)
A Non-Salesy Annuity Guide To Buying Annuities
3 Small Caps That Have Big Upside
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Levi Strauss Is A Good Fit For Income Investors 
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"We need batteries. Literally everywhere." (Ad)
Chevron Delights Shareholders with $75 Billion in Share Buybacks
Mergers and Acquisitions in 2023 Off To A Strong Start

First Industrial Realty Trust - FR Stock Forecast, Price & News

$52.76
+0.54 (+1.03%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$52.37
$52.87
50-Day Range
$47.64
$52.77
52-Week Range
$42.91
$65.92
Volume
457,843 shs
Average Volume
890,415 shs
Market Capitalization
$6.97 billion
P/E Ratio
17.82
Dividend Yield
2.26%
Price Target
$61.14

First Industrial Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
15.9% Upside
$61.14 Price Target
Short Interest
Healthy
2.25% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
1.59mentions of First Industrial Realty Trust in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.67%
From $2.25 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

Finance Sector

218th out of 891 stocks

Real Estate Investment Trusts Industry

46th out of 192 stocks


FR stock logo

About First Industrial Realty Trust (NYSE:FR) Stock

First Industrial Realty Trust, Inc. operates as a real estate investment trust. It engages in the ownership, management, acquisition, sale, development and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties. The company was founded by Johannson L. Yap, Robert L. Denton, Sr., and Jay H. Shidler on August 10, 1993, and is headquartered in Chicago, IL.

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FR Stock News Headlines

7 REITs That Will Be Big Winners in 2023
"We need batteries. Literally everywhere."
Pretty much every technological megatrend today requires batteries. That includes EVs... 5G... AI... charging stations... and smart energy storage systems. Find out why the U.S. just added graphite to a list of super-critical minerals, calling it "essential for America's National Defense."
The New Energy Crisis No One Saw Coming
Free investor report reveals how the electric car initiative is putting the U.S. in peril...and shows how to potentially capitalize on this crisis with a junior mining company.
REITs gain this week on optimism surrounding Q3 results
First Industrial Realty Trust earnings: here's what Wall Street expects
First Industrial Realty Trust Q3 2022 Earnings Preview
Upcoming Dividend Run For FR?
Earnings Outlook For First Industrial Realty
See More Headlines
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FR Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
1/27/2023
Next Earnings (Confirmed)
2/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
32054K10
Employees
162
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$61.14
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+15.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$271 million
Pretax Margin
62.60%

Debt

Sales & Book Value

Annual Sales
$476.29 million
Cash Flow
$3.21 per share
Book Value
$17.26 per share

Miscellaneous

Free Float
131,408,000
Market Cap
$6.97 billion
Optionable
Optionable
Beta
0.96

Social Links


Key Executives

  • Peter E. Baccile
    President, Chief Executive Officer & Director
  • Christopher M. Schneider
    Chief Information Officer & Senior VP-Operations
  • Scott A. MusilScott A. Musil
    Chief Financial Officer
  • Johannson L. YapJohannson L. Yap
    Chief Investment Officer
  • Donald Stoffle
    Executive Director-Dispositions













FR Stock - Frequently Asked Questions

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

4 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 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FR shares.
View FR analyst ratings
or view top-rated stocks.

What is First Industrial Realty Trust's stock price forecast for 2023?

4 Wall Street analysts have issued 12-month price objectives for First Industrial Realty Trust's shares. Their FR share price forecasts range from $55.00 to $75.00. On average, they anticipate the company's share price to reach $61.14 in the next twelve months. This suggests a possible upside of 15.9% 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 9.3% and is now trading at $52.76.
View the best growth stocks for 2023 here
.

Are investors shorting First Industrial Realty Trust?

First Industrial Realty Trust saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 2,660,000 shares, an increase of 8.6% from the December 15th total of 2,450,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is currently 2.5 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, February 8th 2023.
View our FR earnings forecast
.

How can I listen to First Industrial Realty Trust's earnings call?

First Industrial Realty Trust will be holding an earnings conference call on Thursday, February 9th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "2969465".

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

First Industrial Realty Trust, Inc. (NYSE:FR) released its quarterly earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 EPS for the quarter, beating the consensus estimate 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 trailing twelve-month return on equity of 16.70% and a net margin of 75.75%. The firm's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share.

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 Tuesday, November 1st. Investors of record on Saturday, December 31st will be paid a dividend of $0.295 per share on Tuesday, January 17th. This represents a $1.18 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, December 29th.
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 $1.18 per share and currently has a dividend yield of 2.26%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 39.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 49.17% 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 2022 earnings guidance on Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $2.21-$2.25 for the period. 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 a variety of retail and institutional investors. Top institutional investors include Artemis Investment Management LLP (0.62%), Baillie Gifford & Co. (0.55%), National Bank of Canada FI (0.20%), Strs Ohio (0.19%), State of Alaska Department of Revenue (0.18%) and Yousif Capital Management LLC (0.05%). 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 $52.76.

How much money does First Industrial Realty Trust make?

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.97 billion and generates $476.29 million in revenue each year. The real estate investment trust earns $271 million in net income (profit) each year or $2.96 on an earnings per share basis.

How many employees does First Industrial Realty Trust have?

The company employs 162 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 1/27/2023 by MarketBeat.com Staff