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

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Industrial Realty Trust in the last year. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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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12 brokers have issued 12-month target prices for First Industrial Realty Trust's stock. Their FR share price targets range from $42.00 to $60.00. On average, they anticipate the company's share price to reach $53.40 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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First Industrial Realty Trust's stock was trading at $52.67 at the beginning of 2024. Since then, FR stock has decreased by 10.5% and is now trading at $47.15.
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First Industrial Realty Trust saw a increase in short interest in April. As of April 15th, there was short interest totaling 2,100,000 shares, an increase of 37.3% from the March 31st total of 1,530,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is currently 1.7 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) issued 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 net margin of 45.83% and a trailing twelve-month return on equity of 10.97%. First Industrial Realty Trust's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 EPS.

First Industrial Realty Trust declared a quarterly dividend on Tuesday, April 30th. Stockholders of record on Friday, June 28th will be given a dividend of $0.37 per share on Monday, July 15th. This represents a $1.48 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, June 28th.
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 3.17%. 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 51.57% 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), 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), ALPS Active REIT ETF (REIT) and SRH REIT Covered Call ETF (SRHR).

First Industrial Realty Trust issued an update on its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided earnings per share guidance of 2.550-2.650 for the period, compared to the consensus EPS 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 retail and institutional investors. Top institutional shareholders include Principal Financial Group Inc. (2.34%), Sumitomo Mitsui Trust Holdings Inc. (0.96%), Russell Investments Group Ltd. (0.57%), Retirement Systems of Alabama (0.29%), SG Americas Securities LLC (0.27%) and Swiss National Bank (0.20%). Insiders that own company stock include Johannson L Yap 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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