NYSE:FRFirst Industrial Realty Trust Stock Price, Forecast & News

First Industrial Realty Trust's stock was trading at $33.93 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FR stock has increased by 13.9% and is now trading at $38.66. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for First Industrial Realty Trust.

First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for First Industrial Realty Trust.

First Industrial Realty Trust, Inc. (NYSE:FR) issued its earnings results on Wednesday, April, 22nd. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.44 by $0.12. The real estate investment trust had revenue of $110.34 million for the quarter, compared to the consensus estimate of $110.62 million. First Industrial Realty Trust had a return on equity of 14.63% and a net margin of 59.20%. The company's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. View First Industrial Realty Trust's earnings history.

First Industrial Realty Trust announced a quarterly dividend on Wednesday, May 6th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.25 per share on Monday, July 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, June 29th. View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust issued an update on its FY20 earnings guidance on Wednesday, April, 22nd. The company provided earnings per share (EPS) guidance of $1.73-1.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.81.

5 brokerages have issued 1-year price objectives for First Industrial Realty Trust's stock. Their forecasts range from $10.50 to $43.00. On average, they expect First Industrial Realty Trust's stock price to reach $33.90 in the next year. This suggests that the stock has a possible downside of 12.3%. View analysts' price targets for First Industrial Realty Trust.

News coverage about FR stock has been trending somewhat positive this week, InfoTrie reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Industrial Realty Trust earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutFirst Industrial Realty Trust.

First Industrial Realty Trust saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,580,000 shares, an increase of 70.9% from the April 30th total of 1,510,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.1% of the shares of the stock are short sold. View First Industrial Realty Trust's Current Options Chain.

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.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Industrial Realty Trust investors own include Omega Healthcare Investors (OHI), AT&T (T), Realty Income (O), Verizon Communications (VZ), Cisco Systems (CSCO), Mondi (MNDI), Exxon Mobil (XOM), CROWN CASTLE IN/SH SH (CCI), Prologis (PLD) and Boeing (BA).

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 a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.89%), State Street Corp (5.63%), Principal Financial Group Inc. (3.64%), Invesco Ltd. (3.06%), Sumitomo Mitsui Trust Holdings Inc. (1.98%) and Geode Capital Management LLC (1.80%). 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.

FR stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Federated Hermes Inc., BlackRock Inc., Morgan Stanley, Morgan Stanley, Chartwell Investment Partners LLC, UBS Group AG, and WINTON GROUP Ltd. 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.

FR stock was bought by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., Centersquare Investment Management LLC, Principal Financial Group Inc., Balyasny Asset Management LLC, Nuveen Asset Management LLC, JPMorgan Chase & Co., Bank of New York Mellon Corp, and Wolverine Asset Management LLC. View insider buying and selling activity for 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.

One share of FR stock can currently be purchased for approximately $38.66.

First Industrial Realty Trust has a market capitalization of $4.92 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.

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

First Industrial Realty Trust's mailing address is 1 NORTH 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]