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

Company Overview

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.5 million square feet of industrial space as of December 31, 2023.

Key Stats

• Today's Range: $52.36 to $52.99
• 50-Day Range: $52.44 to $56.69
• 52-Week Range: $44.66 to $57.35
• Volume: 1.06 million shs
• Average Volume: 925,850 shs
• Market Capitalization: $6.98 billion
• P/E Ratio: 22.65
• Dividend Yield: 2.80%
• Price Target: $57.83
• Consensus Rating: Moderate Buy

First Industrial Realty Trust Stock Analysis - MarketRank™

First Industrial Realty Trust scored higher than 89% of companies evaluated by MarketBeat, and ranked 158th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First Industrial Realty Trust has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 4 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

First Industrial Realty Trust has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.13%

Earnings Growth

Earnings for First Industrial Realty Trust are expected to grow by 9.13% in the coming year, from $2.63 to $2.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First Industrial Realty Trust is 22.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of First Industrial Realty Trust is 22.65, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.62.

Price to Book Value per Share Ratio

First Industrial Realty Trust has a P/B Ratio of 2.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.23% of the outstanding shares of First Industrial Realty Trust have been sold short.

Short Interest Ratio / Days to Cover

First Industrial Realty Trust has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Industrial Realty Trust has recently increased by 3.16%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

First Industrial Realty Trust pays a meaningful dividend of 2.81%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First Industrial Realty Trust has been increasing its dividend for 11 years.

Dividend Coverage

The dividend payout ratio of First Industrial Realty Trust is 63.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, First Industrial Realty Trust will have a dividend payout ratio of 51.57% next year. This indicates that First Industrial Realty Trust will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.91

Percentage of Shares Shorted

1.23% of the outstanding shares of First Industrial Realty Trust have been sold short.

Short Interest Ratio / Days to Cover

First Industrial Realty Trust has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First Industrial Realty Trust has recently increased by 3.16%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.20

News Sentiment

First Industrial Realty Trust has a news sentiment score of 1.20. 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 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for First Industrial Realty Trust this week, compared to 5 articles on an average week.

Search Interest

2 people have searched for FR on MarketBeat in the last 30 days.

MarketBeat Follows

1 people have added First Industrial Realty Trust to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First Industrial Realty Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.94% of the stock of First Industrial Realty Trust is held by insiders.

Percentage Held by Institutions

99.85% 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.

FR Stock Analysis - Frequently Asked Questions

How have FR shares performed this year?

First Industrial Realty Trust's stock was trading at $52.67 on January 1st, 2024. Since then, FR shares have increased by 0.2% and is now trading at $52.77.
View the best growth stocks for 2024 here.

How were First Industrial Realty Trust's earnings last quarter?

First Industrial Realty Trust, Inc. (NYSE:FR) issued its quarterly earnings results on Wednesday, October, 16th. The real estate investment trust reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.08. The business's quarterly revenue was up 8.1% on a year-over-year basis.

Who are First Industrial Realty Trust's major shareholders?

Top institutional shareholders of First Industrial Realty Trust include State Street Corp (4.95%), Geode Capital Management LLC (1.87%), Charles Schwab Investment Management Inc. (1.65%) and Principal Financial Group Inc. (1.14%). Insiders that own company stock include Scott A Musil and Johannson L Yap.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of First Industrial Realty Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First Industrial Realty Trust investors own include NVIDIA (NVDA), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Visa (V), Meta Platforms (META), Tesla (TSLA) and Home Depot (HD).

Company Calendar

• Ex-Dividend for 10/21 Dividend: 9/30/2024
• Last Earnings: 10/16/2024
• Dividend Payable: 10/21/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/05/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Industrial REITs
• Current Symbol: NYSE:FR
• CUSIP: 32054K10
• CIK: 921825
• Web: www.firstindustrial.com
• Phone: (312) 344-4300
• Fax: 312-922-6320
• Employees: 160
• Year Founded: 1994

Price Target and Rating

• Average Stock Price Target: $57.83
• High Stock Price Target: $64.00
• Low Stock Price Target: $49.00
• Potential Upside/Downside: +9.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.33
• Trailing P/E Ratio: 22.65
• Forward P/E Ratio: 20.06
• P/E Growth: N/A
• Net Income: $274.82 million
• Net Margins: 47.34%
• Pretax Margin: 48.84%
• Return on Equity: 11.53%
• Return on Assets: 5.93%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 1.11
• Quick Ratio: 1.11

Sales & Book Value

• Annual Sales: $651.33 million
• Price / Sales: 10.72
• Cash Flow: $3.37 per share
• Price / Cash Flow: 15.66
• Book Value: $19.92 per share
• Price / Book: 2.65

Miscellaneous

• Outstanding Shares: 132,349,000
• Free Float: 131,105,000
• Market Cap: $6.98 billion
• Optionable: Optionable
• Beta: 1.08