NYSE:FRFirst Industrial Realty Trust Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. Log In and Add $42.82 -0.43 (-0.99 %) (As of 08/10/2020 04:00 PM ET) Add Compare Share Today's Range$42.77Now: $42.82▼$43.4450-Day Range$37.03MA: $39.85▼$44.0952-Week Range$25.89Now: $42.82▼$46.12Volume1.43 million shsAverage Volume1.17 million shsMarket Capitalization$5.45 billionP/E Ratio21.63Dividend Yield2.31%Beta0.89 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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 67.1 million square feet of industrial space as of March 31, 2019.Read More Beat the Market (BTM) Rank™ 2.3 Analyst's Opinion Consensus RatingFirst Industrial Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $34.63, First Industrial Realty Trust has a potential downside of 19.1% from its current price of $42.82.Amount of Analyst CoverageFirst Industrial Realty Trust has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.1 Community Rank Outperform VotesFirst Industrial Realty Trust has received 375 “outperform” votes. (Add your “outperform” vote.)Underperform VotesFirst Industrial Realty Trust has received 500 “underperform” votes. (Add your “underperform” vote.)Community SentimentFirst Industrial Realty Trust has received 57.14% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about First Industrial Realty Trust and other stocks. Vote “Outperform” if you believe FR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FR will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 3.3 Dividend Strength Dividend YieldFirst Industrial Realty Trust pays a meaningful dividend of 2.31%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Industrial Realty Trust has been increasing its dividend for 6 years.Dividend CoverageThe dividend payout ratio of First Industrial Realty Trust is 57.47%. 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 54.35% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend. Previous Next 1.0 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 1.29% of the stock of First Industrial Realty Trust is held by insiders.Percentage Held by Institutions95.74% 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 0.6 Earnings and Valuation Earnings GrowthEarnings for First Industrial Realty Trust are expected to grow by 2.22% in the coming year, from $1.80 to $1.84 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Industrial Realty Trust is 21.63, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.82.Price to Earnings Ratio vs. SectorThe P/E ratio of First Industrial Realty Trust is 21.63, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.35.Price to Book Value per Share RatioFirst Industrial Realty Trust has a P/B Ratio of 3.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.3Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.86 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:FR Previous Symbol CUSIP32054K10 CIK921825 Webwww.firstindustrial.com Phone312-344-4300Debt Debt-to-Equity Ratio0.91 Current Ratio1.39 Quick Ratio1.39Price-To-Earnings Trailing P/E Ratio21.63 Forward P/E Ratio23.79 P/E GrowthN/A Sales & Book Value Annual Sales$425.98 million Price / Sales12.79 Cash Flow$2.88 per share Price / Cash Flow14.88 Book Value$14.16 per share Price / Book3.02Profitability EPS (Most Recent Fiscal Year)$1.74 Net Income$238.77 million Net Margins57.56% Return on Equity14.15% Return on Assets7.08%Miscellaneous Employees145 Outstanding Shares127,210,000Market Cap$5.45 billion Next Earnings Date10/28/2020 (Estimated) OptionableOptionable $42.82 -0.43 (-0.99 %) (As of 08/10/2020 04:00 PM ET) 30 days | 90 days | 365 days | Advanced Chart Receive FR News and Ratings via Email Sign-up to receive the latest news and ratings for FR and its competitors with MarketBeat's FREE daily newsletter. First Industrial Realty Trust (NYSE:FR) Frequently Asked Questions How has First Industrial Realty Trust's stock been impacted by COVID-19 (Coronavirus)? First Industrial Realty Trust's stock was trading at $33.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FR shares have increased by 26.2% and is now trading at $42.82. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of First Industrial Realty Trust? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Industrial Realty Trust. When is First Industrial Realty Trust's next earnings date? First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020. View our earnings forecast for First Industrial Realty Trust. How were First Industrial Realty Trust's earnings last quarter? First Industrial Realty Trust, Inc. (NYSE:FR) issued its quarterly earnings results on Wednesday, July, 22nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.16. The real estate investment trust earned $109.20 million during the quarter, compared to the consensus estimate of $109.04 million. First Industrial Realty Trust had a net margin of 57.56% and a return on equity of 14.15%. View First Industrial Realty Trust's earnings history. 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 Tuesday, August 4th. Investors of record on Wednesday, September 30th will be given a dividend of $0.25 per share on Monday, October 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Tuesday, September 29th. View First Industrial Realty Trust's dividend history. What guidance has First Industrial Realty Trust issued on next quarter's earnings? First Industrial Realty Trust issued an update on its FY20 earnings guidance on Wednesday, July, 22nd. The company provided earnings per share guidance of $1.76-1.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.78. What price target have analysts set for FR? 10 brokerages have issued twelve-month price targets for First Industrial Realty Trust's shares. Their forecasts range from $10.50 to $47.00. On average, they expect First Industrial Realty Trust's share price to reach $34.63 in the next year. This suggests that the stock has a possible downside of 19.1%. View analysts' price targets for First Industrial Realty Trust. Has First Industrial Realty Trust been receiving favorable news coverage? Media coverage about FR stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. First Industrial Realty Trust earned a news impact score of 2.1 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future. View the latest news about First Industrial Realty Trust. Are investors shorting First Industrial Realty Trust? First Industrial Realty Trust saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,600,000 shares, an increase of 227.3% from the June 30th total of 1,100,000 shares. Based on an average daily volume of 1,580,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.9% of the company's stock are sold short. View First Industrial Realty Trust's Short Interest. Who are some of First Industrial Realty Trust's key competitors? Some companies that are related to First Industrial Realty Trust include Prologis (PLD), Eastgroup Properties (EGP), Stag Industrial (STAG), Terreno Realty (TRNO) and Monmouth R.E. Inv. (MNR). View all competitors. 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), Verizon Communications (VZ), Omega Healthcare Investors (OHI), AT&T (T), Mondi (MNDI), Realty Income (O), Pfizer (PFE), Procter & Gamble (PG) and Exxon Mobil (XOM). Who are First Industrial Realty Trust's key executives? First Industrial Realty Trust's management team includes the following people: Mr. Peter E. Baccile, Pres, CEO & Director (Age 57)Mr. Johannson L. Yap, Co-Founder, Chief Investment Officer & Exec. VP of West Region (Age 56)Mr. Scott A. Musil, CFO, Sr. VP, Treasurer & Assistant Sec. (Age 51)Mr. David G. Harker, Exec. VP of Central Region (Age 60)Mr. Peter O. Schultz Jr., Exec. VP of East Region (Age 56) 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 institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (3.86%), Sumitomo Mitsui Trust Holdings Inc. (1.90%), Victory Capital Management Inc. (1.27%), Swiss National Bank (0.22%), Chartwell Investment Partners LLC (0.17%) and Green Street Investors LLC (0.16%). Company insiders that own First Industrial Realty Trust stock include Bruce W Duncan, H Patrick Hackett Jr, Johannson L Yap, Peter Schultz and Scott A Musil. View institutional ownership trends for First Industrial Realty Trust. Which institutional investors are selling First Industrial Realty Trust stock? FR stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Sumitomo Mitsui Trust Holdings Inc., WINTON GROUP Ltd, SG Americas Securities LLC, Mackay Shields LLC, Russell Investments Group Ltd., Public Employees Retirement Association of Colorado, and Ameritas Investment Partners Inc.. 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. View insider buying and selling activity for First Industrial Realty Trust. Which institutional investors are buying First Industrial Realty Trust stock? FR stock was acquired by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Principal Financial Group Inc., New York State Common Retirement Fund, Green Street Investors LLC, Hill Winds Capital LP, Duality Advisers LP, Manning & Napier Group LLC, and Swiss National Bank. View insider buying and selling activity for First Industrial Realty Trust. How do I buy shares of First Industrial Realty Trust? Shares of FR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. What is First Industrial Realty Trust's stock price today? One share of FR stock can currently be purchased for approximately $42.82. How big of a company is First Industrial Realty Trust? First Industrial Realty Trust has a market capitalization of $5.45 billion and generates $425.98 million in revenue each year. The real estate investment trust earns $238.77 million in net income (profit) each year or $1.74 on an earnings per share basis. First Industrial Realty Trust employs 145 workers across the globe. What is First Industrial Realty Trust's official website? The official website for First Industrial Realty Trust is www.firstindustrial.com. 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 real estate investment trust can be reached via phone at 312-344-4300 or via email at [email protected] This page was last updated on 8/11/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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