First Industrial Realty Trust Stock Forecast, Price & News

10 Wall Street equities 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, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" First Industrial Realty Trust stock.
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First Industrial Realty Trust saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 2,480,000 shares, an increase of 103.3% from the January 28th total of 1,220,000 shares. Based on an average daily trading volume, of 790,600 shares, the days-to-cover ratio is currently 3.1 days.
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First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
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First Industrial Realty Trust, Inc. (NYSE:FR) issued its quarterly earnings data on Wednesday, February, 10th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.21. The real estate investment trust earned $112.29 million during the quarter, compared to the consensus estimate of $109.69 million. First Industrial Realty Trust had a net margin of 46.84% and a trailing twelve-month return on equity of 11.50%. The business's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.45 EPS.
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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 shares have increased by 26.3% and is now trading at $42.87.
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First Industrial Realty Trust declared a quarterly dividend on Wednesday, February 10th. Investors of record on Wednesday, March 31st will be given a dividend of $0.27 per share on Monday, April 19th. This represents a $1.08 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, March 30th. This is an increase from First Industrial Realty Trust's previous quarterly dividend of $0.25.
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First Industrial Realty Trust pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.38%. First Industrial Realty Trust has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of First Industrial Realty Trust is 57.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Industrial Realty Trust will have a dividend payout ratio of 53.48% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend.
View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust updated its FY21 earnings guidance on Wednesday, February, 10th. The company provided earnings per share guidance of $1.85-1.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.86.

10 brokerages have issued 1 year target prices for First Industrial Realty Trust's shares. Their forecasts range from $19.50 to $49.00. On average, they expect First Industrial Realty Trust's share price to reach $39.36 in the next year. This suggests that the stock has a possible downside of 8.2%.
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12 employees have rated First Industrial Realty Trust CEO Bruce W. Duncan on Glassdoor.com. Bruce W. Duncan has an approval rating of 71% among First Industrial Realty Trust's employees.

Some companies that are related to First Industrial Realty Trust include Prologis (PLD), EastGroup Properties (EGP), STAG Industrial (STAG), Terreno Realty (TRNO) and Monmouth Real Estate Investment (MNR).
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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), The 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 BlackRock Inc. (12.15%), Principal Financial Group Inc. (4.27%), Principal Financial Group Inc. (4.27%), Price T Rowe Associates Inc. MD (2.74%), Sumitomo Mitsui Trust Holdings Inc. (2.08%) and Dimensional Fund Advisors LP (1.98%). Company insiders that own First Industrial Realty Trust stock include 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 Nuveen Asset Management LLC, Renaissance Technologies LLC, AJO LP, Price T Rowe Associates Inc. MD, Amundi Pioneer Asset Management Inc., Sumitomo Mitsui Trust Holdings Inc., Rothschild & Co. Asset Management US Inc., and Land & Buildings Investment Management LLC.
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FR stock was purchased by a variety of institutional investors in the last quarter, including Long Pond Capital LP, Norges Bank, BlackRock Inc., Principal Financial Group Inc., Principal Financial Group Inc., Waterfront Capital Partners LLC, Victory Capital Management Inc., and Dimensional Fund Advisors LP.
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Shares of FR 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 $42.87.

First Industrial Realty Trust has a market capitalization of $5.54 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 155 workers across the globe.

The official website for First Industrial Realty Trust is www.firstindustrial.com.

First Industrial Realty Trust is headquartered at 1 N. Wacker Drive Suite 4200, CHICAGO IL, 60606.

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]