First Industrial Realty Trust - FR Stock Forecast, Price & News

8 Wall Street research 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 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FR shares.
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8 analysts have issued 1 year price objectives for First Industrial Realty Trust's shares. Their FR share price forecasts range from $13.25 to $75.00. On average, they predict the company's stock price to reach $54.33 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
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First Industrial Realty Trust's stock was trading at $66.20 at the start of the year. Since then, FR shares have decreased by 17.5% and is now trading at $54.64.
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First Industrial Realty Trust saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,590,000 shares, a drop of 6.5% from the July 15th total of 2,770,000 shares. Based on an average daily trading volume, of 1,010,000 shares, the short-interest ratio is currently 2.6 days. Currently, 2.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
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First Industrial Realty Trust, Inc. (NYSE:FR) posted its quarterly earnings data on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.35. The real estate investment trust earned $130 million during the quarter, compared to the consensus estimate of $127.55 million. First Industrial Realty Trust had a trailing twelve-month return on equity of 13.84% and a net margin of 62.25%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share.

First Industrial Realty Trust declared a quarterly dividend on Friday, August 5th. Shareholders of record on Friday, September 30th will be given a dividend of $0.295 per share on Monday, October 17th. This represents a $1.18 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for FR.

First Industrial Realty Trust (NYSE:FR) pays an annual dividend of $1.18 per share and currently has a dividend yield of 2.20%. The company 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 is 50.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 49.58% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FR.

First Industrial Realty Trust issued an update on its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of $2.15-$2.23 for the period. The company issued revenue guidance of -.

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.

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 institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (7.45%), Victory Capital Management Inc. (1.33%), JPMorgan Chase & Co. (1.32%), Baillie Gifford & Co. (1.26%), Deutsche Bank AG (1.19%) and Sumitomo Mitsui Trust Holdings Inc. (0.69%). Insiders that own company stock include Johannson L Yap, Peter Schultz and Scott A Musil.
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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.
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One share of FR stock can currently be purchased for approximately $54.64.

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $7.22 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 $2.35 on an earnings per share basis.

The company 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 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.