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

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
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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.

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.

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).

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.

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 -.

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 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.
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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 $50.62.

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.

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.