First Industrial Realty Trust Stock Forecast, Price & News

First Industrial Realty Trust's stock was trading at $33.93 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, FR shares have increased by 23.8% and is now trading at $42.02.
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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) posted its quarterly earnings data on Wednesday, October, 21st. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.18. The real estate investment trust had revenue of $116.19 million for the quarter, compared to analysts' expectations of $108.44 million. First Industrial Realty Trust had a return on equity of 14.15% and a net margin of 57.56%. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 earnings per share.
View First Industrial Realty Trust's earnings history.

First Industrial Realty Trust declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, September 30th will be paid 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 2.38%. The ex-dividend date of this dividend 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 guidance of $1.78-1.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80.

11 brokers have issued 1-year price targets 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 twelve months. This suggests that the stock has a possible downside of 17.6%.
View analysts' price targets for First Industrial Realty Trust.

First Industrial Realty Trust saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,020,000 shares, a drop of 16.4% from the September 15th total of 1,220,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company's shares are sold short.
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 number of institutional and retail investors. Top institutional shareholders include Pacer Advisors Inc. (0.11%), Nisa Investment Advisors LLC (0.05%), Eii Capital Management Inc. (0.05%), State of Alaska Department of Revenue (0.05%), Fulcrum Asset Management LLP (0.02%) and First Hawaiian Bank (0.01%). 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 Tributary Capital Management LLC, State of Alaska Department of Revenue, and Campbell & CO Investment Adviser LLC. 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 purchased by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Nisa Investment Advisors LLC, Orinda Asset Management LLC, DAVENPORT & Co LLC, Standard Life Aberdeen plc, World Asset Management Inc, Fulcrum Asset Management LLP, and Ninepoint Partners LP.
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 $42.02.

First Industrial Realty Trust has a market capitalization of $5.35 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]