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 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" First Industrial Realty Trust stock.
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7 brokerages have issued 12-month target prices for First Industrial Realty Trust's shares. Their FR stock forecasts range from $13.25 to $72.00. On average, they predict First Industrial Realty Trust's share price to reach $51.66 in the next year. This suggests a possible upside of 5.3% from the stock's current price.
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First Industrial Realty Trust's stock was trading at $66.20 at the beginning of the year. Since then, FR shares have decreased by 25.9% and is now trading at $49.07.
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First Industrial Realty Trust saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 2,810,000 shares, an increase of 29.5% from the May 15th total of 2,170,000 shares. Based on an average daily volume of 871,200 shares, the days-to-cover ratio is currently 3.2 days. Approximately 2.2% of the shares of the company are sold short.
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First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 20th 2022.
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First Industrial Realty Trust, Inc. (NYSE:FR) issued its quarterly earnings results on Wednesday, April, 20th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The real estate investment trust earned $125.50 million during the quarter, compared to the consensus estimate of $123.45 million. First Industrial Realty Trust had a net margin of 50.47% and a trailing twelve-month return on equity of 11.40%. The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS.
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First Industrial Realty Trust announced a quarterly dividend on Friday, May 6th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.295 per share on Monday, July 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, June 29th.
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First Industrial Realty Trust(NYSE:FR) pays an annual dividend of $1.18 per share and currently has a dividend yield of 2.49%. First Industrial Realty Trust 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 of First Industrial Realty Trust is 63.10%. 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 50.21% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend.
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First Industrial Realty Trust issued an update on its FY 2022 earnings guidance on Wednesday, April, 27th. The company provided earnings per share guidance of $2.100-$2.200 for the period. The company issued revenue guidance of -.

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 Weyerhaeuser (WY), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), Duke Realty (DRE), Ventas (VTR), Mid-America Apartment Communities (MAA), Sun Communities (SUI), Essex Property Trust (ESS), W. P. Carey (WPC), UDR (UDR), Boston Properties (BXP), Camden Property Trust (CPT), Iron Mountain (IRM), Healthpeak Properties (PEAK) and Equity LifeStyle Properties (ELS).
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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), 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 Vanguard Group Inc. (14.55%), BlackRock Inc. (11.55%), Principal Financial Group Inc. (7.76%), State Street Corp (5.40%), Blackstone Inc. (3.24%) and Cohen & Steers Inc. (2.66%). Company insiders that own First Industrial Realty Trust stock include Johannson L Yap, Peter Schultz and Scott A Musil.
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FR stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Weiss Multi Strategy Advisers LLC, Invesco Ltd., Goldman Sachs Group Inc., Wellington Management Group LLP, Hsbc Holdings PLC, BlackRock Inc., and JPMorgan Chase & Co.. Company insiders that have sold First Industrial Realty Trust company stock in the last two years include Johannson L Yap, Peter Schultz, and Scott A Musil.
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FR stock was purchased by a variety of institutional investors in the last quarter, including Blackstone Inc., Nomura Holdings Inc., State Street Corp, Vision Capital Corp, Principal Financial Group Inc., Baillie Gifford & Co., Vanguard Group Inc., and SG Americas Securities LLC.
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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 $49.07.

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.48 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 $1.87 on an earnings per share basis.

First Industrial Realty Trust employs 162 workers across the globe.

First Industrial Realty Trust was founded in 1994.

First Industrial Realty Trust's mailing address is 1 N. Wacker Drive Suite 4200, CHICAGO IL, 60606. The official website for First Industrial Realty Trust is www.firstindustrial.com. The real estate investment trust can be reached via phone at (312) 344-4300, via email at [email protected], or via fax at 312-922-6320.