First Industrial Realty Trust, Inc. (NYSE: FR) is -0.25% lower on its value in year-to-date trading and has touched a low of $40.41 and a high of $55.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FR stock was last observed hovering at around $52.07 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $52.54, the stock is 0.01% and -0.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.72 million and changing 0.90% at the moment leaves the stock 4.36% off its SMA200. FR registered 3.65% gain for a year compared to 6-month gain of 10.24%. The firm has a 50-day simple moving average (SMA 50) of $14.91 and a 200-day simple moving average (SMA200) of $18.27.
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The stock witnessed a -0.62% loss in the last 1 month and extending the period to 3 months gives it a -1.65%, and is -0.53% down 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 1.53% over the week and 1.57% over the month.
First Industrial Realty Trust, Inc. (FR) has around 156 employees, a market worth around $6.95B and $614.03M in sales. Current P/E ratio is 25.32 and Fwd P/E is 31.28. Profit margin for the company is 44.72%. Distance from 52-week low is 30.01% and -4.73% from its 52-week high. The company has generated returns on investments over the last 12 months (6.46%).
First Industrial Realty Trust, Inc. quarterly earnings per share for the current quarter are estimated at $0.31 with sales reaching $161.8M over the same period.The EPS is expected to shrink by -31.48% this year, but quarterly earnings will post 9.10% year-over-year. Quarterly sales are estimated to grow 12.50% in year-over-year returns.
First Industrial Realty Trust, Inc. (FR) Top Institutional Holders
533 institutions hold shares in First Industrial Realty Trust, Inc. (FR), with institutional investors hold 98.56% of the company’s shares. The shares outstanding are 132.29M, and float is at 131.78M with Short Float at 1.45%. Institutions hold 98.15% 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
The most recent transaction is an insider sale by MUSIL SCOTT A,the company’sChief Financial Officer. SEC filings show that MUSIL SCOTT A sold 7,600 shares of the company’s common stock on Apr 28 ’23 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.
