NYSE:FR First Industrial Realty Trust - FR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding First Industrial Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $50.62 +1.18 (+2.39%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$49.17▼$50.7350-Day Range$49.43▼$54.9452-Week Range$42.91▼$65.92Volume713,059 shsAverage Volume843,078 shsMarket Capitalization$6.69 billionP/E Ratio18.68Dividend Yield2.33%Price Target$59.63 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability First Industrial Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside17.8% Upside$59.63 Price TargetShort InterestHealthy2.24% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.91Upright™ Environmental ScoreNews Sentiment1.33Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth9.66%From $2.38 to $2.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.91 out of 5 starsFinance Sector230th out of 883 stocksReal Estate Investment Trusts Industry44th out of 189 stocks 2.3 Analyst's Opinion Consensus RatingFirst Industrial Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $59.63, First Industrial Realty Trust has a forecasted upside of 17.8% from its current price of $50.62.Amount of Analyst CoverageFirst Industrial Realty Trust has only been the subject of 3 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.24% of the outstanding shares of First Industrial Realty Trust have been sold short.Short Interest Ratio / Days to CoverFirst Industrial Realty Trust has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in First Industrial Realty Trust has recently decreased by 1.66%, indicating that investor sentiment is improving. Previous Next 4.2 Dividend Strength Dividend YieldFirst Industrial Realty Trust pays a meaningful dividend of 2.39%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Industrial Realty Trust has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of First Industrial Realty Trust is 43.54%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Industrial Realty Trust will have a dividend payout ratio of 45.21% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFirst Industrial Realty Trust has received a 32.28% net impact score from Upright. First Industrial Realty seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in industrial, logistics and warehousing buildings", "Industrial and logistics property leasing services", and "Real estate development services of industrial buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for First Industrial Realty Trust is -0.91. Previous Next 4.1 News and Social Media Coverage News SentimentFirst Industrial Realty Trust has a news sentiment score of 1.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for First Industrial Realty Trust this week, compared to 2 articles on an average week.Search Interest5 people have searched for FR on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.MarketBeat Follows2 people have added First Industrial Realty Trust to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Industrial Realty Trust insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.55% of the stock of First Industrial Realty Trust is held by insiders.Percentage Held by Institutions98.00% of the stock of First Industrial Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for First Industrial Realty Trust are expected to grow by 9.66% in the coming year, from $2.38 to $2.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Industrial Realty Trust is 18.68, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.25.Price to Earnings Ratio vs. SectorThe P/E ratio of First Industrial Realty Trust is 18.68, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 133.65.Price to Book Value per Share RatioFirst Industrial Realty Trust has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Industrial Realty Trust (NYSE:FR) StockFirst 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.Read More Receive FR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Industrial Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address FR Stock News HeadlinesMarch 25, 2023 | businesswire.comPeakstone Realty Trust Reports 2022 Fourth Quarter and Full Year ResultsMarch 23, 2023 | americanbankingnews.comFirst Industrial Realty Trust (NYSE:FR) Research Coverage Started at The Goldman Sachs GroupMarch 26, 2023 | Weiss Ratings (Ad)Banking NightmareDuring and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it's not just about a few hundred banks … it's about nearly every single bank in America …March 9, 2023 | finance.yahoo.comWith EPS Growth And More, First Industrial Realty Trust (NYSE:FR) Makes An Interesting CaseMarch 3, 2023 | finance.yahoo.comFirst Industrial Realty Trust to Present at Citi's 2023 Global Property CEO ConferenceFebruary 28, 2023 | bizjournals.comFirst Industrial could replace Pompano Beach building with warehouseFebruary 22, 2023 | seekingalpha.comFR First Industrial Realty Trust, Inc.February 15, 2023 | seekingalpha.comFirst Industrial Realty: The Speculative Exposure Still Warrants A Higher Risk PremiumMarch 26, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.February 10, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Douglas Emmett (DEI), First Republic Bank (FRC) and Macerich (MAC)February 10, 2023 | finance.yahoo.comFirst Industrial Realty Trust Full Year 2022 Earnings: EPS Beats ExpectationsFebruary 8, 2023 | finance.yahoo.comFirst Industrial Realty Trust (FR) Q4 FFO and Revenues Top EstimatesFebruary 8, 2023 | finance.yahoo.comFirst Industrial Realty Trust Reports Fourth Quarter and Full Year 2022 ResultsFebruary 1, 2023 | finance.yahoo.comFirst Industrial Realty Trust (FR)'s Technical Outlook is Bright After Key Golden CrossJanuary 25, 2023 | msn.com7 REITs That Will Be Big Winners in 2023January 17, 2023 | marketwatch.comIndependence Realty Trust Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call DatesJanuary 6, 2023 | finance.yahoo.comIs First Industrial Realty Trust, Inc.'s (NYSE:FR) Stock's Recent Performance A Reflection Of Its Financial Health?December 29, 2022 | bizjournals.comHouston-based Fuller Realty buys fourth San Antonio property to cap 2022December 23, 2022 | bizjournals.com12 months' — and $2.19B — worth of high-end real estate transactions in Erie CountyDecember 16, 2022 | finance.yahoo.comFirst Industrial Realty Trust could build warehouse in Pompano BeachDecember 12, 2022 | bizjournals.comWomen in Commercial Real Estate's first scholarship recipient sees instant impactNovember 8, 2022 | finance.yahoo.comFirst Industrial Realty Trust (NYSE:FR) shareholders have earned a 11% CAGR over the last five yearsOctober 22, 2022 | seekingalpha.comREITs gain this week on optimism surrounding Q3 resultsOctober 20, 2022 | markets.businessinsider.comFirst Industrial Realty Trust earnings: here's what Wall Street expectsOctober 19, 2022 | finance.yahoo.comFirst Industrial Realty Trust Reports Third Quarter 2022 ResultsOctober 19, 2022 | seekingalpha.comFirst Industrial Realty Trust Q3 2022 Earnings PreviewSeptember 28, 2022 | finance.yahoo.comIs Now The Time To Put First Industrial Realty Trust (NYSE:FR) On Your Watchlist?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Industrial Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address FR Company Calendar Last Earnings7/20/2022Ex-Dividend for 1/17 Dividend12/29/2022Dividend Payable1/17/2023Today3/26/2023Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Next Earnings (Estimated)4/19/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:FR CUSIP32054K10 CIK921825 Webwww.firstindustrial.com Phone(312) 344-4300Fax312-922-6320Employees162Year Founded1994Price Target and Rating Average Stock Price Forecast$59.63 High Stock Price Forecast$75.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+17.8%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.71 Trailing P/E Ratio18.68 Forward P/E Ratio21.27 P/E GrowthN/ANet Income$359.13 million Net Margins66.51% Pretax Margin53.72% Return on Equity14.87% Return on Assets7.62% Debt Debt-to-Equity Ratio0.82 Current Ratio1.25 Quick Ratio1.25 Sales & Book Value Annual Sales$539.93 million Price / Sales12.40 Cash Flow$3.99 per share Price / Cash Flow12.69 Book Value$19.15 per share Price / Book2.64Miscellaneous Outstanding Shares132,210,000Free Float131,484,000Market Cap$6.69 billion OptionableOptionable Beta0.97 Social Links Key ExecutivesPeter E. BaccilePresident, Chief Executive Officer & DirectorChristopher M. SchneiderChief Information Officer & Senior VP-OperationsScott A. MusilChief Financial OfficerJohannson L. YapChief Investment OfficerDonald StoffleExecutive Director-DispositionsKey CompetitorsEastGroup PropertiesNYSE:EGPSTAG IndustrialNYSE:STAGHealthcare Realty TrustNYSE:HROmega Healthcare InvestorsNYSE:OHIAgree RealtyNYSE:ADCView All CompetitorsInstitutional OwnershipVictory Capital Management Inc.Bought 238,570 shares on 3/10/2023Ownership: 1.489%Voya Investment Management LLCSold 86,469 shares on 2/28/2023Ownership: 0.107%NatixisBought 90,500 shares on 2/24/2023Ownership: 0.161%Teachers Retirement System of The State of KentuckyBought 1,500 shares on 2/22/2023Ownership: 0.016%Northwestern Mutual Investment Management Company LLCSold 6,846 shares on 2/21/2023Ownership: 0.009%View All Institutional Transactions 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 12-month price targets for First Industrial Realty Trust's stock. Their FR share price forecasts range from $48.00 to $75.00. On average, they expect the company's stock price to reach $59.63 in the next twelve months. This suggests a possible upside of 17.8% 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 4.9% and is now trading at $50.62. 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 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 daily trading volume, of 898,100 shares, the short-interest ratio is presently 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) released its quarterly earnings results 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 14.87% and a net margin of 66.51%. First Industrial Realty Trust'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 EPS. 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 Wednesday, February 8th. Shareholders 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 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of $0.30. Read our dividend analysis for FR. What ETFs hold First Industrial Realty Trust's stock? ETFs with the largest weight of First Industrial Realty Trust (NYSE:FR) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), JPMorgan Realty Income ETF (JPRE), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA), ALPS Active REIT ETF (REIT), Invesco Active U.S. Real Estate ETF (PSR), IQ CBRE NextGen Real Estate ETF (ROOF) and Invesco S&P MidCap Low Volatility ETF (XMLV). 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 2.39%. 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 issued an update on its FY 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share 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 many different 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 $50.62. How much money does First Industrial Realty Trust make? First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.69 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 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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