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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FR shares.
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5 analysts have issued twelve-month price targets for First Industrial Realty Trust's shares. Their FR share price forecasts range from $18.00 to $75.00. On average, they expect the company's share price to reach $55.38 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
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First Industrial Realty Trust's stock was trading at $66.20 at the start of the year. Since then, FR stock has decreased by 24.6% and is now trading at $49.90.
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First Industrial Realty Trust saw a decrease in short interest during the month of October. As of October 31st, there was short interest totaling 3,240,000 shares, a decrease of 10.0% from the October 15th total of 3,600,000 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is currently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our FR earnings forecast.

First Industrial Realty Trust, Inc. (NYSE:FR) posted its quarterly earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share 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 the consensus estimate of $127.55 million. First Industrial Realty Trust had a trailing twelve-month return on equity of 16.70% and a net margin of 75.75%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share.

First Industrial Realty Trust announced a quarterly dividend on Tuesday, November 1st. Investors of record on Saturday, December 31st will be paid a dividend of $0.295 per share on Tuesday, January 17th. This represents a $1.18 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 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 2.33%. 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 39.86%. 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 Thursday, November, 3rd. The company provided earnings per share (EPS) guidance of $2.21-$2.25 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 a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.72%), BlackRock Inc. (11.64%), State Street Corp (5.37%), Nomura Holdings Inc. (3.78%), Cohen & Steers Inc. (2.91%) and Centersquare Investment Management LLC (2.76%). 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 $49.90.

First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.59 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 $2.96 on an earnings per share basis.

The company employs 162 workers across the globe.

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.