First Industrial Realty Trust, Inc. (FR) – Don’t Believe the Hype: Check The Facts

First Industrial Realty Trust, Inc. (NYSE: FR) is 1.77% higher on its value in year-to-date trading and has touched a low of $40.41 and a high of $55.14 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FR stock was last observed hovering at around $50.59 in the last trading session, with the day’s gains setting it 3.01%.

Currently trading at $53.60, the stock is 2.23% and 4.04% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.54 million and changing 5.95% at the moment leaves the stock 6.75% off its SMA200. FR registered 0.67% gain for a year compared to 6-month gain of 5.05%. The firm has a 50-day simple moving average (SMA 50) of $15.08 and a 200-day simple moving average (SMA200) of $18.53.

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The stock witnessed a 1.13% loss in the last 1 month and extending the period to 3 months gives it a 24.02%, and is 1.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.32% over the week and 2.08% over the month.

First Industrial Realty Trust, Inc. (FR) has around 157 employees, a market worth around $7.09B and $614.03M in sales. Current P/E ratio is 25.83 and Fwd P/E is 33.29. Profit margin for the company is 44.72%. Distance from 52-week low is 32.63% and -2.80% from its 52-week high. The company has generated returns on investments over the last 12 months (5.77%).

First Industrial Realty Trust, Inc. quarterly earnings per share for the current quarter are estimated at $0.32 with sales reaching $159.61M over the same period.The EPS is expected to shrink by -29.35% this year, but quarterly earnings will post 8.20% year-over-year. Quarterly sales are estimated to grow 11.00% in year-over-year returns.

541 institutions hold shares in First Industrial Realty Trust, Inc. (FR), with institutional investors hold 99.89% of the company’s shares. The shares outstanding are 132.14M, and float is at 131.71M with Short Float at 1.16%. Institutions hold 99.47% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 19.25 million shares valued at $1.01 billion. The investor’s holdings represent 14.56% of the FR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.47 million shares valued at $814.55 million to account for 11.70% of the shares outstanding. The other top investors are Principal Financial Group, Inc. which holds 9.47 million shares representing 7.16% and valued at over $498.29 million, while State Street Corporation holds 5.52% of the shares totaling 7.3 million with a market value of $384.03 million.

First Industrial Realty Trust, Inc. (FR) Insider Activity

A total of 1 insider transactions have happened at First Industrial Realty Trust, Inc. (FR) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by MUSIL SCOTT A, the company’s Chief Financial Officer. SEC filings show that MUSIL SCOTT A sold 7,600 shares of the company’s common stock on Apr 28 at a price of $52.28 per share for a total of $0.4 million. Following the sale, the insider now owns 81078.0 shares.

First Industrial Realty Trust, Inc. (FR): Who are the competitors?

One of the company’s main competitors (and peers) include Prologis Inc. (PLD) that is trading 2.79% up over the past 12 months.STAG Industrial Inc. (STAG) lies in the list of competitors of the First Industrial Realty Trust, Inc. and is 7.48% higher over the same period from FREastGroup Properties Inc. (EGP) is 10.58% up on the 1-year trading charts.