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. Since then, FR stock has increased by 19.9% and is now trading at $40.68.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for First Industrial Realty Trust.

First Industrial Realty Trust, Inc. (NYSE:FR) issued its quarterly earnings results on Wednesday, July, 22nd. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by $0.16. The real estate investment trust earned $109.20 million during the quarter, compared to analysts' expectations of $109.04 million. First Industrial Realty Trust had a return on equity of 14.15% and a net margin of 57.56%.
View First Industrial Realty Trust's earnings history.

First Industrial Realty Trust declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.25 per share on Monday, October 19th. This represents a $1.00 annualized dividend and a yield of 2.46%. The ex-dividend date is Tuesday, September 29th.
View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust issued an update on its FY20 earnings guidance on Wednesday, July, 22nd. The company provided earnings per share (EPS) guidance of $1.76-1.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.78.

10 brokerages have issued 12-month price objectives 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 share price to reach $34.63 in the next twelve months. This suggests that the stock has a possible downside of 14.9%.
View analysts' price targets for First Industrial Realty Trust.

First Industrial Realty Trust saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,320,000 shares, a decline of 17.5% from the August 15th total of 1,600,000 shares. Based on an average daily trading volume, of 1,450,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.1% of the company's stock are short sold.
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 R.E. Inv. (MNR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other First Industrial Realty Trust investors own include Prologis (PLD), AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Realty Income (O), Omega Healthcare Investors (OHI), Mondi (MNDI), Pfizer (PFE), Procter & Gamble (PG) and Exxon Mobil (XOM).

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 Vanguard Group Inc. (14.35%), Principal Financial Group Inc. (3.86%), Principal Financial Group Inc. (3.86%), Sumitomo Mitsui Trust Holdings Inc. (1.90%), Lasalle Investment Management Securities LLC (1.76%) and Macquarie Group Ltd. (1.50%). 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 Charles Schwab Investment Management Inc., Vanguard Group Inc., Bank of New York Mellon Corp, Macquarie Group Ltd., Prudential Financial Inc., Nuveen Asset Management LLC, Goldman Sachs Group Inc., and Lasalle Investment Management Securities 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 acquired by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Balyasny Asset Management LLC, Bank of America Corp DE, Victory Capital Management Inc., Principal Financial Group Inc., Principal Financial Group Inc., Sei Investments Co., and Thrivent Financial for Lutherans.
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 $40.68.

First Industrial Realty Trust has a market capitalization of $5.17 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 145 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]