First Industrial Realty Trust, Inc (NYSE: FR) is 2.68% higher on its value in year-to-date trading and has touched a low of $44.99 and a high of $57.35 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 $53.85 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $54.08, the stock is 1.84% and -0.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.43% at the moment leaves the stock 4.31% off its SMA200. FR registered 18.26% gain for a year compared to 6-month gain of 16.10%. The firm has a 50-day simple moving average (SMA 50) of $54.1656 and a 200-day simple moving average (SMA200) of $51.84785.
The stock witnessed a 2.35% loss in the last 1 month and extending the period to 3 months gives it a -3.69%, and is 2.48% 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 1.75% over the week and 1.78% over the month.
First Industrial Realty Trust, Inc (FR) has around 156 employees, a market worth around $7.39B and $651.33M in sales. Current P/E ratio is 23.24 and Fwd P/E is 34.07. Profit margin for the company is 47.31%. Distance from 52-week low is 20.21% and -5.70% from its 52-week high. The company has generated returns on investments over the last 12 months (6.39%).
The EPS is expected to shrink by -4.18% this year
579.0 institutions hold shares in First Industrial Realty Trust, Inc (FR), with institutional investors hold 98.98% of the company’s shares. The shares outstanding are 132.29M, and float is at 131.20M with Short Float at 1.19%. Institutions hold 98.49% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.04 million shares valued at $904.52 million. The investor’s holdings represent 14.3839 of the FR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.18 million shares valued at $721.06 million to account for 11.4664 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.59 million shares representing 4.9806 and valued at over $315.61 million, while BLACKSTONE INC. holds 3.7785 of the shares totaling 5.0 million with a market value of $237.61 million.
