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 (COVID-19) reached pandemic status according to the World Health Organization. Since then, FR shares have increased by 20.8% and is now trading at $41.00.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" First Industrial Realty Trust stock.
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First Industrial Realty Trust is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for First Industrial Realty Trust.

First Industrial Realty Trust, Inc. (NYSE:FR) issued its quarterly earnings data on Wednesday, October, 21st. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.46 by $0.18. The real estate investment trust earned $116.19 million during the quarter, compared to the consensus estimate of $108.44 million. First Industrial Realty Trust had a return on equity of 11.50% and a net margin of 46.84%. The company's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share.
View First Industrial Realty Trust's earnings history.

First Industrial Realty Trust announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Thursday, December 31st will be paid a dividend of $0.25 per share on Tuesday, January 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Wednesday, December 30th.
View First Industrial Realty Trust's dividend history.

First Industrial Realty Trust pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.42%. 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 issued an update on its FY20 earnings guidance on Wednesday, October, 21st. The company provided earnings per share (EPS) guidance of $1.78-1.82 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.80.

11 equities research analysts have issued 12 month price objectives for First Industrial Realty Trust's shares. Their forecasts range from $10.50 to $49.00. On average, they expect First Industrial Realty Trust's share price to reach $35.75 in the next twelve months. This suggests that the stock has a possible downside of 12.8%.
View analysts' price targets for First Industrial Realty Trust or view Wall Street analyst' top-rated stocks.

First Industrial Realty Trust saw a decline in short interest in the month of December. As of December 31st, there was short interest totaling 998,400 shares, a decline of 22.6% from the December 15th total of 1,290,000 shares. Based on an average daily volume of 687,400 shares, the days-to-cover ratio is currently 1.5 days.
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 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 plc (MNDI.L) (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 number of retail and institutional investors. Top institutional investors include State of Alaska Department of Revenue (0.07%), Louisiana State Employees Retirement System (0.03%), First Hawaiian Bank (0.01%), Rowland Carmichael Advisors Inc. ADV (0.01%) and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA (0.00%). 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 Rowland Carmichael Advisors Inc. ADV, and First Hawaiian Bank. Company insiders that have sold First Industrial Realty Trust company stock in the last year include Johannson L Yap, and Scott A Musil.
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FR stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, and Louisiana State Employees Retirement System.
View insider buying and selling activity for First Industrial Realty Trust or or view top insider-buying stocks.

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.

One share of FR stock can currently be purchased for approximately $41.00.

First Industrial Realty Trust has a market capitalization of $5.29 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'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]