First Industrial Realty Trust (FR) Stock Price, News & Analysis

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 2 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FR, but not buy additional shares or sell existing shares.
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11 Wall Street research analysts have issued 1 year price targets for First Industrial Realty Trust's shares. Their FR share price targets range from $42.00 to $63.00. On average, they anticipate the company's share price to reach $55.30 in the next year. This suggests a possible upside of 21.9% from the stock's current price.
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First Industrial Realty Trust's stock was trading at $52.67 at the start of the year. Since then, FR shares have decreased by 13.9% and is now trading at $45.35.
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First Industrial Realty Trust saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,530,000 shares, a decline of 19.9% from the March 15th total of 1,910,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is presently 1.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
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First Industrial Realty Trust, Inc. (NYSE:FR) posted its earnings results on Wednesday, July, 20th. The real estate investment trust reported $0.88 earnings per share 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 analysts' expectations of $127.55 million. First Industrial Realty Trust had a trailing twelve-month return on equity of 11.05% and a net margin of 45.83%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share.

First Industrial Realty Trust declared a quarterly dividend on Wednesday, February 7th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.37 per share on Monday, April 15th. This represents a $1.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for FR.

First Industrial Realty Trust (NYSE:FR) pays an annual dividend of $1.48 per share and currently has a dividend yield of 3.05%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 68.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FR will have a dividend payout ratio of 51.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FR.

ETFs with the largest weight of First Industrial Realty Trust (NYSE:FR) stock in their portfolio include iShares MSCI Global Silver and Metals Miners ETF (SLVP), Global X Silver Miners ETF (SIL), ALPS Active REIT ETF (REIT), Amplify Junior Silver Miners ETF (SILJ), Pacer Industrial Real Estate ETF (INDS), Janus Henderson U.S. Real Estate ETF (JRE), SP Funds S&P Global REIT Sharia ETF (SPRE) and Intelligent Real Estate ETF (PRVT).

First Industrial Realty Trust issued an update on its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided EPS guidance of 2.550-2.650 for the period, compared to the consensus earnings per share estimate of 2.610. 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's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.96%), State of Alaska Department of Revenue (0.18%), State of Michigan Retirement System (0.02%), Oak Thistle LLC (0.01%), Kingswood Wealth Advisors LLC (0.01%) and Park Avenue Securities LLC (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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