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First Industrial Realty Trust (FR) Stock Forecast, Price & News

$52.22
-0.11 (-0.21%)
(As of 10:45 AM ET)
Compare
Today's Range
$52.09
$52.91
50-Day Range
$49.43
$54.36
52-Week Range
$42.91
$55.88
Volume
118,910 shs
Average Volume
807,844 shs
Market Capitalization
$6.91 billion
P/E Ratio
18.26
Dividend Yield
2.45%
Price Target
$58.57

First Industrial Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.0% Upside
$58.57 Price Target
Short Interest
Bearish
2.37% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
1.68mentions of First Industrial Realty Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$397,328 Sold Last Quarter
Proj. Earnings Growth
8.68%
From $2.42 to $2.63 Per Share

Overall MarketRank

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

2.70 out of 5 stars

Finance Sector

312th out of 901 stocks

Real Estate Investment Trusts Industry

46th out of 190 stocks


FR stock logo

About First Industrial Realty Trust (NYSE:FR) Stock

First Industrial Realty Trust, Inc. engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties. The company was founded by Johannson L. Yap, Robert L. Denton, Sr., and Jay H. Shidler on August 10, 1993, and is headquartered in Chicago, IL.

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FR Stock News Headlines

Soaring EV Industry Keeps Investor Focus on Lithium
The need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
Barclays Sticks to Their Buy Rating for First Industrial Realty (FR)
Earnings Preview For First Industrial Realty
See More Headlines
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FR Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Today
5/31/2023
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Next Earnings (Estimated)
7/19/2023
Fiscal Year End
12/31/2023

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
$58.57
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+12.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$359.13 million
Pretax Margin
52.02%

Debt

Sales & Book Value

Annual Sales
$539.93 million
Cash Flow
$3.92 per share
Book Value
$19.15 per share

Miscellaneous

Free Float
131,132,000
Market Cap
$6.92 billion
Optionable
Optionable
Beta
0.99

Social Links


Key Executives

  • Peter E. Baccile
    President, Chief Executive Officer & Director
  • Christopher M. Schneider
    Chief Information Officer & Senior VP-Operations
  • Scott A. MusilScott A. Musil
    Chief Financial Officer
  • Johannson L. YapJohannson L. Yap
    Chief Investment Officer
  • Donald Stoffle
    Executive Director-Dispositions













FR Stock - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last twelve months. There are currently 1 sell rating and 5 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 2023?

6 brokerages have issued twelve-month price objectives for First Industrial Realty Trust's stock. Their FR share price forecasts range from $48.00 to $65.00. On average, they anticipate the company's stock price to reach $58.57 in the next year. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for FR
or view top-rated stocks among Wall Street analysts.

How have FR shares performed in 2023?

First Industrial Realty Trust's stock was trading at $48.26 at the start of the year. Since then, FR shares have increased by 8.4% and is now trading at $52.31.
View the best growth stocks for 2023 here
.

Are investors shorting First Industrial Realty Trust?

First Industrial Realty Trust saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,070,000 shares, a decline of 5.2% from the April 15th total of 3,240,000 shares. Based on an average daily volume of 789,000 shares, the days-to-cover ratio is presently 3.9 days.
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, July 19th 2023.
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 trailing twelve-month return on equity of 15.28% and a net margin of 67.19%. First Industrial Realty Trust's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company 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 Wednesday, May 3rd. Stockholders of record on Friday, June 30th will be paid a dividend of $0.32 per share on Monday, July 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 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 $1.28 per share and currently has a dividend yield of 2.46%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 44.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 48.67% 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 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of $2.33-$2.43 for the period, compared to the consensus earnings per share estimate of $2.38. 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.98%), Principal Financial Group Inc. (7.23%), State Street Corp (5.53%), Nomura Holdings Inc. (2.34%), Ameriprise Financial Inc. (2.27%) and JPMorgan Chase & Co. (2.12%). 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 $52.31.

How much money does First Industrial Realty Trust make?

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.92 billion and generates $539.93 million in revenue each year. The real estate investment trust earns $359.13 million in net income (profit) each year or $2.86 on an earnings per share basis.

How many employees does First Industrial Realty Trust have?

The company employs 162 workers across the globe.

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 5/31/2023 by MarketBeat.com Staff

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