Positive News SentimentPositive NewsNYSE:FR First Industrial Realty Trust (FR) Stock Forecast, Price & News $52.22 -0.11 (-0.21%) (As of 10:45 AM ET) Add Compare Share Share Today's Range$52.09▼$52.9150-Day Range$49.43▼$54.3652-Week Range$42.91▼$55.88Volume118,910 shsAverage Volume807,844 shsMarket Capitalization$6.91 billionP/E Ratio18.26Dividend Yield2.45%Price Target$58.57 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability First Industrial Realty Trust MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside12.0% Upside$58.57 Price TargetShort InterestBearish2.37% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.91Upright™ Environmental ScoreNews Sentiment1.68Based on 4 Articles This WeekInsider TradingSelling Shares$397,328 Sold Last QuarterProj. Earnings Growth8.68%From $2.42 to $2.63 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.70 out of 5 starsFinance Sector312th out of 901 stocksReal Estate Investment Trusts Industry46th out of 190 stocks 2.3 Analyst's Opinion Consensus RatingFirst Industrial Realty Trust has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 5 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $58.57, First Industrial Realty Trust has a forecasted upside of 12.0% from its current price of $52.31.Amount of Analyst CoverageFirst Industrial Realty Trust has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.37% of the outstanding shares of First Industrial Realty Trust have been sold short.Short Interest Ratio / Days to CoverFirst Industrial Realty Trust has a short interest ratio ("days to cover") of 4.3.Change versus previous monthShort interest in First Industrial Realty Trust has recently increased by 2.28%, indicating that investor sentiment is decreasing. Previous Next 4.2 Dividend Strength Dividend YieldFirst Industrial Realty Trust pays a meaningful dividend of 2.46%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthFirst Industrial Realty Trust has been increasing its dividend for 10 years.Dividend CoverageThe dividend payout ratio of First Industrial Realty Trust is 44.76%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, First Industrial Realty Trust will have a dividend payout ratio of 48.67% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend. Previous Next 3.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreFirst Industrial Realty Trust has received a 32.28% net impact score from Upright. First Industrial Realty seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Real estate funds investing in industrial, logistics and warehousing buildings", "Industrial and logistics property leasing services", and "Real estate development services of industrial buildings" products. See details.Environmental SustainabilityThe Environmental Impact score for First Industrial Realty Trust is -0.91. Previous Next 3.2 News and Social Media Coverage News SentimentFirst Industrial Realty Trust has a news sentiment score of 1.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for First Industrial Realty Trust this week, compared to 3 articles on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, First Industrial Realty Trust insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $397,328.00 in company stock.Percentage Held by InsidersOnly 0.84% of the stock of First Industrial Realty Trust is held by insiders.Percentage Held by Institutions98.00% of the stock of First Industrial Realty Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for First Industrial Realty Trust are expected to grow by 8.68% in the coming year, from $2.42 to $2.63 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of First Industrial Realty Trust is 18.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.70.Price to Earnings Ratio vs. SectorThe P/E ratio of First Industrial Realty Trust is 18.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 154.41.Price to Book Value per Share RatioFirst Industrial Realty Trust has a P/B Ratio of 2.74. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About First Industrial Realty Trust (NYSE:FR) StockFirst Industrial Realty Trust, Inc. engages in the ownership, management, acquisition, sale, development, and redevelopment of industrial real estate. The firm product portfolio includes bulk warehouse, regional warehouse, R&D/flex, and light industrial properties. The company was founded by Johannson L. Yap, Robert L. Denton, Sr., and Jay H. Shidler on August 10, 1993, and is headquartered in Chicago, IL.Read More Receive FR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Industrial Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address FR Stock News HeadlinesMay 27, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Receives $58.57 Consensus PT from AnalystsMay 21, 2023 | americanbankingnews.comFirst Industrial Realty Trust (NYSE:FR) Research Coverage Started at StockNews.comMay 31, 2023 | Edge On The Street (Ad)Soaring EV Industry Keeps Investor Focus on LithiumThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.May 18, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Short Interest Down 5.2% in AprilMay 12, 2023 | americanbankingnews.comAnalyzing First Industrial Realty Trust (NYSE:FR) and Plymouth Industrial REIT (NYSE:PLYM)May 5, 2023 | msn.comRBC Capital Maintains First Industrial Realty Trust (FR) Outperform RecommendationMay 4, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Given Average Rating of "Moderate Buy" by AnalystsMay 3, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. (NYSE:FR) CFO Scott A. Musil Sells 7,600 Shares of StockMay 31, 2023 | Edge On The Street (Ad)The Ignored EV Story Few Investors Know AboutLithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.May 2, 2023 | americanbankingnews.comBrokers Set Expectations for First Industrial Realty Trust, Inc.'s FY2025 Earnings (NYSE:FR)April 28, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for First Industrial Realty Trust, Inc. Boosted by KeyCorp (NYSE:FR)April 27, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. Forecasted to Earn Q2 2023 Earnings of $0.61 Per Share (NYSE:FR)April 26, 2023 | americanbankingnews.comRobert W. Baird Increases First Industrial Realty Trust (NYSE:FR) Price Target to $63.00April 24, 2023 | msn.comBaird Maintains First Industrial Realty Trust (FR) Outperform RecommendationApril 24, 2023 | finance.yahoo.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Q1 2023 Earnings Call TranscriptApril 24, 2023 | seekingalpha.comFirst Industrial: Positive Developments And Forward Guidance But Shares Appear Fairly ValuedApril 22, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Short Interest UpdateApril 21, 2023 | markets.businessinsider.comBarclays Sticks to Their Buy Rating for First Industrial Realty (FR)April 21, 2023 | finance.yahoo.comQ1 2023 First Industrial Realty Trust Inc Earnings CallApril 19, 2023 | finance.yahoo.comFirst Industrial Realty Trust (FR) Beats Q1 FFO and Revenue EstimatesApril 19, 2023 | finance.yahoo.comFIRST INDUSTRIAL REALTY TRUST REPORTS FIRST QUARTER 2023 RESULTSApril 19, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. to Post Q1 2025 Earnings of $0.68 Per Share, Jefferies Financial Group Forecasts (NYSE:FR)April 18, 2023 | benzinga.comEarnings Preview For First Industrial RealtyApril 17, 2023 | americanbankingnews.comFirst Industrial Realty Trust (FR) Set to Announce Quarterly Earnings on TuesdayApril 9, 2023 | americanbankingnews.comFirst Industrial Realty Trust, Inc. (NYSE:FR) Given Consensus Rating of "Moderate Buy" by BrokeragesApril 6, 2023 | businesswire.comEssential Properties Realty Trust, Inc. to Report First Quarter 2023 Results on April 26, 2023April 6, 2023 | finance.yahoo.comRexford (REXR) Boosts Portfolio, '23 Investments Reach $762MSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive FR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for First Industrial Realty Trust and its competitors with MarketBeat's FREE daily newsletter. Email Address FR Company Calendar Last Earnings7/20/2022Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Today5/31/2023Ex-Dividend for 7/17 Dividend6/29/2023Dividend Payable7/17/2023Next Earnings (Estimated)7/19/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryIndustrial REITs SectorFinance Current SymbolNYSE:FR CUSIP32054K10 CIK921825 Webwww.firstindustrial.com Phone(312) 344-4300Fax312-922-6320Employees162Year Founded1994Price Target and Rating Average Stock Price Forecast$58.57 High Stock Price Forecast$65.00 Low Stock Price Forecast$48.00 Forecasted Upside/Downside+12.0%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.86 Trailing P/E Ratio18.29 Forward P/E Ratio21.62 P/E GrowthN/ANet Income$359.13 million Net Margins67.19% Pretax Margin52.02% Return on Equity15.28% Return on Assets7.80% Debt Debt-to-Equity Ratio0.82 Current Ratio0.96 Quick Ratio0.96 Sales & Book Value Annual Sales$539.93 million Price / Sales12.81 Cash Flow$3.92 per share Price / Cash Flow13.36 Book Value$19.15 per share Price / Book2.73Miscellaneous Outstanding Shares132,240,000Free Float131,132,000Market Cap$6.92 billion OptionableOptionable Beta0.99 Social Links Key ExecutivesPeter E. BaccilePresident, Chief Executive Officer & DirectorChristopher M. SchneiderChief Information Officer & Senior VP-OperationsScott A. MusilChief Financial OfficerJohannson L. YapChief Investment OfficerDonald StoffleExecutive Director-DispositionsKey CompetitorsEastGroup PropertiesNYSE:EGPSTAG IndustrialNYSE:STAGHealthcare Realty TrustNYSE:HRFederal Realty Investment TrustNYSE:FRTOmega Healthcare InvestorsNYSE:OHIView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 17,115 shares on 5/26/2023Ownership: 0.006%Toroso Investments LLCBought 12,395 shares on 5/23/2023Ownership: 0.023%Ameriprise Financial Inc.Bought 185,707 shares on 5/22/2023Ownership: 2.272%Putnam Investments LLCSold 1,816 shares on 5/22/2023Ownership: 0.004%Anson Funds Management LPBought 51,490 shares on 5/19/2023Ownership: 0.039%View All Insider TransactionsView All Institutional Transactions FR Stock - Frequently Asked Questions Should I buy or sell First Industrial Realty Trust stock right now? 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. View FR analyst ratings or view top-rated stocks. What is First Industrial Realty Trust's stock price forecast for 2023? 6 brokerages have issued twelve-month price objectives for First Industrial Realty Trust's stock. Their FR share price forecasts range from $48.00 to $65.00. On average, they anticipate the company's stock price to reach $58.57 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts price targets for FR or view top-rated stocks among Wall Street analysts. How have FR shares performed in 2023? First Industrial Realty Trust's stock was trading at $48.26 at the start of the year. Since then, FR shares have increased by 8.4% and is now trading at $52.31. View the best growth stocks for 2023 here. Are investors shorting First Industrial Realty Trust? First Industrial Realty Trust saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,070,000 shares, a decline of 5.2% from the April 15th total of 3,240,000 shares. Based on an average daily volume of 789,000 shares, the days-to-cover ratio is presently 3.9 days. 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, July 19th 2023. View our FR earnings forecast. How were First Industrial Realty Trust's earnings last quarter? First Industrial Realty Trust, Inc. (NYSE:FR) released its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.35. The real estate investment trust earned $130 million during the quarter, compared to analyst estimates of $127.55 million. First Industrial Realty Trust had a trailing twelve-month return on equity of 15.28% and a net margin of 67.19%. First Industrial Realty Trust's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $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 Wednesday, May 3rd. Stockholders of record on Friday, June 30th will be paid a dividend of $0.32 per share on Monday, July 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Thursday, June 29th. Read our dividend analysis for FR. What ETFs hold First Industrial Realty Trust's stock? 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). Is First Industrial Realty Trust a good dividend stock? First Industrial Realty Trust (NYSE:FR) pays an annual dividend of $1.28 per share and currently has a dividend yield of 2.46%. 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 44.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 48.67% 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 2023 earnings guidance on Wednesday, April, 19th. The company provided earnings per share guidance of $2.33-$2.43 for the period, compared to the consensus earnings per share estimate of $2.38. 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 a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.98%), Principal Financial Group Inc. (7.23%), State Street Corp (5.53%), Nomura Holdings Inc. (2.34%), Ameriprise Financial Inc. (2.27%) and JPMorgan Chase & Co. (2.12%). 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 $52.31. How much money does First Industrial Realty Trust make? First Industrial Realty Trust (NYSE:FR) has a market capitalization of $6.92 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 $2.86 on an earnings per share basis. How many employees does First Industrial Realty Trust have? The company employs 162 workers across the globe. 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 5/31/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding First Industrial Realty Trust, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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