First Industrial Realty Trust Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" First Industrial Realty Trust stock.
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First Industrial Realty Trust saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,040,000 shares, a decrease of 16.4% from the June 30th total of 2,440,000 shares. Based on an average daily volume of 1,170,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.7% of the shares of the stock are sold short.
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First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 20th 2021.
View our earnings forecast for First Industrial Realty Trust.

First Industrial Realty Trust, Inc. (NYSE:FR) announced its quarterly earnings results on Tuesday, July, 20th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks' consensus estimate of $0.47 by $0.07. The real estate investment trust earned $117.40 million during the quarter, compared to analysts' expectations of $115.71 million. First Industrial Realty Trust had a net margin of 50.60% and a trailing twelve-month return on equity of 11.96%. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS.
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First Industrial Realty Trust's stock was trading at $33.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FR shares have increased by 62.1% and is now trading at $55.01.
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First Industrial Realty Trust declared a quarterly dividend on Wednesday, May 5th. Investors of record on Wednesday, June 30th will be given a dividend of $0.27 per share on Monday, July 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Tuesday, June 29th.
View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.97%. First Industrial Realty Trust has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of First Industrial Realty Trust is 58.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Industrial Realty Trust will have a dividend payout ratio of 52.43% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend.
View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust issued an update on its FY 2021 earnings guidance on Wednesday, July, 28th. The company provided earnings per share guidance of $1.890-$1.970 for the period. The company issued revenue guidance of -.

7 brokers have issued twelve-month price targets for First Industrial Realty Trust's shares. Their forecasts range from $19.50 to $58.00. On average, they anticipate First Industrial Realty Trust's stock price to reach $47.50 in the next year. This suggests that the stock has a possible downside of 13.7%.
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12 employees have rated First Industrial Realty Trust CEO Bruce W. Duncan on Glassdoor.com. Bruce W. Duncan has an approval rating of 71% among First Industrial Realty Trust's employees.

Some companies that are related to First Industrial Realty Trust include Prologis (PLD), EastGroup Properties (EGP), STAG Industrial (STAG), Terreno Realty (TRNO) and Monmouth Real Estate Investment (MNR).
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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), The 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 many different retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.08%), Manning & Napier Group LLC (0.06%), Oregon Public Employees Retirement Fund (0.03%) and New Mexico Educational Retirement Board (0.02%). Company insiders that own First Industrial Realty Trust stock include Johannson L Yap, Peter Schultz and Scott A Musil.
View institutional ownership trends for First Industrial Realty Trust.

FR stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, and State of Alaska Department of Revenue. Company insiders that have sold First Industrial Realty Trust company stock in the last year include Johannson L Yap, Peter Schultz, and Scott A Musil.
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FR stock was bought by a variety of institutional investors in the last quarter, including New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
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Shares of FR 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 $55.01.

First Industrial Realty Trust has a market capitalization of $7.10 billion and generates $448.03 million in revenue each year. The real estate investment trust earns $195.99 million in net income (profit) each year or $1.84 on an earnings per share basis.

First Industrial Realty Trust employs 153 workers across the globe.

First Industrial Realty Trust was founded in 1994.

The official website for First Industrial Realty Trust is www.firstindustrial.com.

First Industrial Realty Trust is headquartered at 1 N. Wacker Drive Suite 4200, CHICAGO IL, 60606.

First Industrial Realty Trust's mailing address is 1 N. Wacker Drive Suite 4200, CHICAGO IL, 60606. The real estate investment trust can be reached via phone at 312-344-4300 or via email at [email protected]