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NYSE:FR

First Industrial Realty Trust Stock Forecast, Price & News

$49.07
+1.61 (+3.39%)
(As of 06/24/2022 12:00 AM ET)
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Compare
Today's Range
$47.65
$49.27
50-Day Range
$46.13
$65.32
52-Week Range
$45.79
$66.74
Volume
1.53 million shs
Average Volume
969,699 shs
Market Capitalization
$6.48 billion
P/E Ratio
26.24
Dividend Yield
2.49%
Price Target
$51.66
30 days | 90 days | 365 days | Advanced Chart

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FR Stock Forecast (MarketRank)

Overall MarketRank

2.32 out of 5 stars

Finance Sector

588th out of 1,363 stocks

Real Estate Investment Trusts Industry

126th out of 234 stocks

Analyst Opinion: 1.4Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
First Industrial Realty Trust logo

About First Industrial Realty Trust (NYSE:FR)

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.

FR Stock News Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Industrial REITs
Sector
Finance
CUSIP
32054K10
Employees
162
Year Founded
1994

Company Calendar

Ex-Dividend for 4/18 Dividend
3/30/2022
Dividend Payable
4/18/2022
Last Earnings
4/20/2022
Today
6/24/2022
Ex-Dividend for 7/18 Dividend
6/29/2022
Dividend Payable
7/18/2022
Next Earnings (Estimated)
7/20/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$51.66
High Stock Price Forecast
$72.00
Low Stock Price Forecast
$13.25
Forecasted Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71428571428571
Research Coverage
7 Analysts

Profitability

Net Income
$271 million
Pretax Margin
52.68%

Debt

Sales & Book Value

Annual Sales
$476.29 million
Cash Flow
$3.35 per share
Book Value
$17.26 per share

Miscellaneous

Free Float
131,275,000
Market Cap
$6.48 billion
Optionable
Optionable
Beta
0.94

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First Industrial Realty Trust Frequently Asked Questions

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

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.
View analyst ratings for First Industrial Realty Trust
or view top-rated stocks.

What is First Industrial Realty Trust's stock price forecast for 2022?

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.
View analysts' price targets for First Industrial Realty Trust
or view top-rated stocks among Wall Street analysts.

How has First Industrial Realty Trust's stock price performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting First Industrial Realty Trust?

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.
View First Industrial Realty Trust's Short Interest
.

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, July 20th 2022.
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, 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.
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 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.
View First Industrial Realty Trust's dividend history
.

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 2.49%. 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.
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 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 -.

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 60, Pay $3.13M)
  • Mr. Johannson L. Yap, Co-Founder, Chief Investment Officer & Exec. VP of West Region (Age 59, Pay $1.63M) (LinkedIn Profile)
  • Mr. Scott A. Musil, CFO, Sr. VP, Treasurer & Assistant Sec. (Age 54, Pay $949.06k) (LinkedIn Profile)
  • Ms. Jennifer E. Matthews Rice, Gen. Counsel & Sec. (Age 51, Pay $692.06k)
  • Mr. Peter O. Schultz Jr., Exec. VP (Age 59, Pay $1.33M) (LinkedIn Profile)
  • Mr. Christopher M. Schneider CPA, Sr. VP of Operations & Chief Information Officer
  • Ms. Sara E. Niemiec, Chief Accounting Officer
  • Mr. Arthur J. Harmon, VP of Investor Relations & Marketing
  • Ms. Brenda Smith, VP of HR
  • Mr. Adam Moore, Sr. Regional Director of Chicago - Milwaukee

What is Bruce W. Duncan's approval rating as First Industrial Realty Trust's CEO?

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.

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 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.
View institutional ownership trends for First Industrial Realty Trust
.

Which major investors are selling First Industrial Realty Trust stock?

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.
View insider buying and selling activity for First Industrial Realty Trust
or view top insider-selling stocks.

Which major investors are buying First Industrial Realty Trust stock?

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.
View insider buying and selling activity for First Industrial Realty Trust
or or view top insider-buying stocks.

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 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 $49.07.

How much money does First Industrial Realty Trust make?

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.

How many employees does First Industrial Realty Trust have?

First Industrial Realty Trust 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 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.

This page (NYSE:FR) was last updated on 6/24/2022 by MarketBeat.com Staff

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