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

$51.64
-0.05 (-0.10%)
(As of 03/21/2023 10:16 AM ET)
Add
Compare
Today's Range
$51.36
$52.02
50-Day Range
$48.66
$54.94
52-Week Range
$42.91
$65.92
Volume
93,120 shs
Average Volume
894,828 shs
Market Capitalization
$6.83 billion
P/E Ratio
19.06
Dividend Yield
2.29%
Price Target
$61.25

First Industrial Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
15.2% Upside
$59.63 Price Target
Short Interest
Healthy
2.24% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
1.67mentions of First Industrial Realty Trust in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.66%
From $2.38 to $2.61 Per Share

Overall MarketRank

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

2.87 out of 5 stars

Finance Sector

189th out of 876 stocks

Real Estate Investment Trusts Industry

33rd out of 192 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

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FR First Industrial Realty Trust, Inc.
Stocks Positioned For The Year
This breakthrough stock has bright future this decade.
7 REITs That Will Be Big Winners in 2023
REITs gain this week on optimism surrounding Q3 results
First Industrial Realty Trust earnings: here's what Wall Street expects
First Industrial Realty Trust Q3 2022 Earnings Preview
See More Headlines
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FR Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 1/17 Dividend
12/29/2022
Dividend Payable
1/17/2023
Today
3/21/2023
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Next Earnings (Estimated)
4/19/2023
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
$59.63
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+18.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$359.13 million
Pretax Margin
53.72%

Debt

Sales & Book Value

Annual Sales
$539.93 million
Cash Flow
$3.96 per share
Book Value
$19.15 per share

Miscellaneous

Free Float
131,484,000
Market Cap
$6.83 billion
Optionable
Optionable
Beta
0.97

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 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 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 analysts have issued 1-year target prices for First Industrial Realty Trust's stock. Their FR share price forecasts range from $48.00 to $75.00. On average, they predict the company's share price to reach $59.63 in the next year. This suggests a possible upside of 15.4% 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 stock has increased by 7.1% and is now trading at $51.69.
View the best growth stocks for 2023 here
.

Are investors shorting First Industrial Realty Trust?

First Industrial Realty Trust saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 3,010,000 shares, a decrease of 13.3% from the January 31st total of 3,470,000 shares. Based on an average trading volume of 898,100 shares, the short-interest ratio is currently 3.4 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, April 19th 2023.
View our FR earnings forecast
.

How were First Industrial Realty Trust's earnings last quarter?

First Industrial Realty Trust, Inc. (NYSE:FR) announced its quarterly earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.35. The real estate investment trust had revenue of $130 million for the quarter, compared to analyst estimates of $127.55 million. First Industrial Realty Trust had a net margin of 66.51% and a trailing twelve-month return on equity of 14.87%. The business's revenue was up 10.7% compared to the same quarter last year. During the same period in the previous 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, February 8th. Stockholders of record on Friday, March 31st will be given a dividend of $0.32 per share on Monday, April 17th. This represents a $1.28 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, March 30th. This is a boost from the stock's previous quarterly dividend of $0.30.
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 $1.18 per share and currently has a dividend yield of 2.32%. 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 43.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 45.21% 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 updated its FY 2023 earnings guidance on Wednesday, February, 8th. The company provided EPS guidance of $2.29-$2.39 for the period. 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 variety of retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (7.26%), Centersquare Investment Management LLC (2.92%), Geode Capital Management LLC (1.56%), Victory Capital Management Inc. (1.49%), Victory Capital Management Inc. (1.49%) and Victory Capital Management Inc. (1.49%). 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 $51.69.

How much money does First Industrial Realty Trust make?

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.83 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 $2.71 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 3/21/2023 by MarketBeat.com Staff