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NYSE:FR

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

$54.64
+0.44 (+0.81%)
(As of 08/11/2022 01:20 PM ET)
Add
Compare
Today's Range
$54.09
$54.68
50-Day Range
$46.13
$54.20
52-Week Range
$45.79
$66.74
Volume
16,929 shs
Average Volume
1.07 million shs
Market Capitalization
$7.22 billion
P/E Ratio
23.25
Dividend Yield
2.20%
Price Target
$54.33

First Industrial Realty Trust MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
0.1% Downside
$54.33 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.91
Upright™ Environmental Score
News Sentiment
1.12mentions of First Industrial Realty Trust in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.68%
From $2.19 to $2.38 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Finance Sector

359th out of 920 stocks

Real Estate Investment Trusts Industry

73rd out of 194 stocks

FR stock logo

About First Industrial Realty Trust (NYSE:FR) Stock

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.

Analyst Ratings Changes

FR has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on First Industrial Realty Trust from $62.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday, June 30th. Robert W. Baird increased their target price on First Industrial Realty Trust from $69.00 to $75.00 in a research note on Friday, July 22nd. Mizuho lowered their target price on First Industrial Realty Trust from $64.00 to $55.00 and set a "na" rating on the stock in a research note on Tuesday, May 17th. Truist Financial lowered their target price on First Industrial Realty Trust from $66.00 to $63.00 in a research note on Monday, May 16th. Finally, The Goldman Sachs Group lowered their target price on First Industrial Realty Trust from $70.00 to $61.00 and set a "neutral" rating on the stock in a research note on Thursday, June 16th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $54.33.

First Industrial Realty Trust Price Performance

First Industrial Realty Trust stock traded up $0.43 during mid-day trading on Wednesday, reaching $54.15. 29,525 shares of the company were exchanged, compared to its average volume of 973,453. The company has a fifty day simple moving average of $49.41 and a 200-day simple moving average of $55.31. First Industrial Realty Trust has a 12 month low of $45.79 and a 12 month high of $66.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $7.15 billion, a PE ratio of 22.93 and a beta of 0.96.

First Industrial Realty Trust (NYSE:FR - Get Rating) last posted its quarterly earnings data 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. First Industrial Realty Trust had a return on equity of 13.84% and a net margin of 62.25%. The firm had revenue of $130.00 million for the quarter, compared to analyst estimates of $127.55 million. During the same quarter last year, the company earned $0.48 EPS. The company's revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts expect that First Industrial Realty Trust will post 2.19 earnings per share for the current fiscal year.

First Industrial Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.295 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.18 annualized dividend and a dividend yield of 2.18%. First Industrial Realty Trust's payout ratio is 50.21%.

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FR Stock News Headlines

Earnings Outlook For First Industrial Realty
What 5 Analyst Ratings Have To Say About First Industrial Realty
What 4 Analyst Ratings Have To Say About First Industrial Realty
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FR Company Calendar

Ex-Dividend for 7/18 Dividend
6/29/2022
Dividend Payable
7/18/2022
Last Earnings
7/20/2022
Today
8/11/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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
$54.33
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$13.25
Forecasted Upside/Downside
-0.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$271 million
Pretax Margin
48.30%

Debt

Sales & Book Value

Annual Sales
$476.29 million
Cash Flow
$3.23 per share
Book Value
$17.96 per share

Miscellaneous

Free Float
131,345,000
Market Cap
$7.22 billion
Optionable
Optionable
Beta
0.96

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FR Stock - Frequently Asked Questions

Should I buy or sell First Industrial Realty Trust stock right now?

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.
View FR analyst ratings
or view top-rated stocks.

What is First Industrial Realty Trust's stock price forecast for 2022?

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%.
View analysts price targets for FR
or view top-rated stocks among Wall Street analysts.

How have FR shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting First Industrial Realty Trust?

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.
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, October 19th 2022.
View our FR earnings forecast
.

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

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.

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 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
.

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 2.20%. 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.

What guidance has First Industrial Realty Trust issued on next quarter's earnings?

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 -.

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 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.
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 $54.64.

How much money does First Industrial Realty Trust make?

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.

How many employees does First Industrial Realty Trust have?

The company employs 162 workers across the globe.

When was First Industrial Realty Trust founded?

First Industrial Realty Trust was founded in 1994.

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 8/11/2022 by MarketBeat.com Staff

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