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Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Climate bill: Could coal communities shift to nuclear?
Shelling kills 1 in Ukraine; Russia wants nuke plant pledges
High oil prices help Saudi Aramco earn $88B in first half
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
Former Deutsche Bank Co-CEO Anshu Jain dies
Ship carrying grain for hungry Ethiopia leaves Ukraine
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
NYSE:FR

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

$55.28
+1.19 (+2.20%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$54.31
$55.32
50-Day Range
$46.13
$55.28
52-Week Range
$45.79
$66.74
Volume
808,892 shs
Average Volume
1.05 million shs
Market Capitalization
$7.30 billion
P/E Ratio
23.52
Dividend Yield
2.13%
Price Target
$54.33

First Industrial Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
1.7% Downside
$54.33 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
1.17mentions of First Industrial Realty Trust in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.68%
From $2.19 to $2.38 Per Share

Overall MarketRank

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

2.52 out of 5 stars

Finance Sector

330th out of 926 stocks

Real Estate Investment Trusts Industry

63rd out of 195 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 64.1 million square feet of industrial space as of September 30, 2020.

Analyst Ratings Changes

A number of analysts have recently commented on FR shares. Mizuho cut their price objective on First Industrial Realty Trust from $64.00 to $55.00 and set a "na" rating for the company in a research report on Tuesday, May 17th. The Goldman Sachs Group lowered their price target on First Industrial Realty Trust from $70.00 to $61.00 and set a "neutral" rating on the stock in a research note on Thursday, June 16th. Jefferies Financial Group lowered their price target on First Industrial Realty Trust from $62.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Truist Financial lowered their price target on First Industrial Realty Trust from $66.00 to $63.00 in a research note on Monday, May 16th. Finally, Robert W. Baird lifted their price target on First Industrial Realty Trust from $69.00 to $75.00 in a research note on Friday, July 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.33.

First Industrial Realty Trust Stock Performance

NYSE:FR opened at $55.28 on Friday. The stock's fifty day moving average is $49.50 and its two-hundred day moving average is $55.20. The firm has a market capitalization of $7.30 billion, a P/E ratio of 23.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99. First Industrial Realty Trust has a fifty-two week low of $45.79 and a fifty-two week high of $66.74.

First Industrial Realty Trust (NYSE:FR - Get Rating) last released its quarterly earnings data 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 company had revenue of $130.00 million for the quarter, compared to analyst estimates of $127.55 million. First Industrial Realty Trust had a return on equity of 13.84% and a net margin of 62.25%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. On average, research analysts anticipate that First Industrial Realty Trust will post 2.19 earnings per share for the current year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, September 29th. First Industrial Realty Trust's dividend payout ratio (DPR) is presently 50.21%.

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FR Stock News Headlines

Earnings Outlook For First Industrial Realty
What 5 Analyst Ratings Have To Say About First Industrial Realty
What 4 Analyst Ratings Have To Say About First Industrial Realty
7 Great REITs That Will Pay You Handsomely
See More Headlines
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FR Company Calendar

Ex-Dividend for 7/18 Dividend
6/29/2022
Dividend Payable
7/18/2022
Last Earnings
7/20/2022
Today
8/14/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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
$54.33
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$13.25
Forecasted Upside/Downside
-1.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$271 million
Pretax Margin
48.30%

Debt

Sales & Book Value

Annual Sales
$476.29 million
Cash Flow
$3.17 per share
Book Value
$17.96 per share

Miscellaneous

Free Float
131,345,000
Market Cap
$7.30 billion
Optionable
Optionable
Beta
0.96

Social Links















FR Stock - Frequently Asked Questions

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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 2022?

8 equities research analysts have issued 12 month price targets for First Industrial Realty Trust's stock. Their FR share price forecasts range from $13.25 to $75.00. On average, they anticipate the company's stock price to reach $54.33 in the next year. This suggests that the stock has a possible downside of 1.7%.
View analysts price targets for FR
or view top-rated stocks among Wall Street analysts.

How have FR shares performed in 2022?

First Industrial Realty Trust's stock was trading at $66.20 at the beginning of the year. Since then, FR stock has decreased by 16.5% and is now trading at $55.28.
View the best growth stocks for 2022 here
.

Are investors shorting First Industrial Realty Trust?

First Industrial Realty Trust saw a decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,590,000 shares, a decrease of 6.5% from the July 15th total of 2,770,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.0% of the company's shares are sold short.
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 19th 2022.
View our FR earnings forecast
.

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

First Industrial Realty Trust, Inc. (NYSE:FR) released its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.35. The real estate investment trust earned $130 million during the quarter, compared to analyst estimates of $127.55 million. First Industrial Realty Trust had a net margin of 62.25% and a trailing twelve-month return on equity of 13.84%. First Industrial Realty Trust's revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $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 Friday, August 5th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.295 per share on Monday, October 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, September 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 2.13%. 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 50.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 49.58% 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 Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $2.15-$2.23 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 many different institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (7.45%), Victory Capital Management Inc. (1.33%), JPMorgan Chase & Co. (1.32%), Baillie Gifford & Co. (1.26%), Deutsche Bank AG (1.19%) and Northern Trust Corp (0.94%). 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 $55.28.

How much money does First Industrial Realty Trust make?

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $7.30 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 $2.35 on an earnings per share basis.

How many employees does First Industrial Realty Trust have?

The company employs 162 workers across the globe.

When was First Industrial Realty Trust founded?

First Industrial Realty Trust was founded in 1994.

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 8/14/2022 by MarketBeat.com Staff

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