First Industrial Realty Trust Stock Forecast, Price & 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. Since then, FR shares have increased by 18.5% and is now trading at $40.21.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
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First Industrial Realty Trust, Inc. (NYSE:FR) released its quarterly earnings data on Wednesday, October, 21st. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.46 by $0.18. The real estate investment trust earned $116.19 million during the quarter, compared to analysts' expectations of $108.44 million. First Industrial Realty Trust had a net margin of 57.56% and a return on equity of 14.15%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.44 earnings per share.
View First Industrial Realty Trust's earnings history.

First Industrial Realty Trust announced a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, September 30th will be given a dividend of $0.25 per share on Monday, October 19th. This represents a $1.00 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Tuesday, September 29th.
View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust updated its FY20 earnings guidance on Wednesday, October, 21st. The company provided earnings per share (EPS) guidance of $1.78-1.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80.

11 brokerages have issued 12-month target prices for First Industrial Realty Trust's stock. Their forecasts range from $10.50 to $47.00. On average, they expect First Industrial Realty Trust's stock price to reach $34.63 in the next year. This suggests that the stock has a possible downside of 13.9%.
View analysts' price targets for First Industrial Realty Trust.

First Industrial Realty Trust saw a increase in short interest in October. As of October 15th, there was short interest totaling 1,210,000 shares, an increase of 18.6% from the September 30th total of 1,020,000 shares. Based on an average daily trading volume, of 918,000 shares, the short-interest ratio is presently 1.3 days.
View First Industrial Realty Trust's Short Interest.

Some companies that are related to First Industrial Realty Trust include Prologis (PLD), EastGroup Properties (EGP), Stag Industrial (STAG), Terreno Realty (TRNO) and Monmouth Real Estate Investment (MNR).
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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), The Procter & Gamble (PG), Exxon Mobil (XOM) and Mondi plc (MNDI.L) (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 a variety of retail and institutional investors. Top institutional investors include Manning & Napier Group LLC (0.12%), Pacer Advisors Inc. (0.11%), WINTON GROUP Ltd (0.09%), HGI Capital Management LLC (0.09%), State of New Jersey Common Pension Fund D (0.06%) and Nisa Investment Advisors LLC (0.05%). 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 Dupont Capital Management Corp, Convergence Investment Partners LLC, New Mexico Educational Retirement Board, State of New Jersey Common Pension Fund D, New Mexico Educational Retirement Board, Tributary Capital Management LLC, DekaBank Deutsche Girozentrale, and State of Alaska Department of Revenue. 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 HGI Capital Management LLC, Pacer Advisors Inc., Manning & Napier Group LLC, KBC Group NV, Nisa Investment Advisors LLC, WINTON GROUP Ltd, Orinda Asset Management LLC, and DAVENPORT & Co 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 $40.21.

First Industrial Realty Trust has a market capitalization of $5.19 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 155 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 N. 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]