First Industrial Realty Trust, Inc (FR) Stock Could Soon Reward Patient Investors

First Industrial Realty Trust, Inc (NYSE: FR) is -8.96% lower on its value in year-to-date trading and has touched a low of $40.31 and a high of $58.17 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 $44.72 in the last trading session, with the day’s gains setting it 0.92%.

Currently trading at $45.64, the stock is -11.35% and -15.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing 2.06% at the moment leaves the stock -14.07% off its SMA200. FR registered -10.91% loss for a year compared to 6-month gain of -15.44%. The firm has a 50-day simple moving average (SMA 50) of $54.0468 and a 200-day simple moving average (SMA200) of $53.31055.

The stock witnessed a -15.95% loss in the last 1 month and extending the period to 3 months gives it a -5.82%, and is -4.28% 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 8.61% over the week and 3.76% over the month.

First Industrial Realty Trust, Inc (FR) has around 151 employees, a market worth around $6.04B and $669.64M in sales. Current P/E ratio is 21.03 and Fwd P/E is 25.02. Profit margin for the company is 42.91%. Distance from 52-week low is 13.22% and -21.53% from its 52-week high. The company has generated returns on investments over the last 12 months (6.65%).

with sales reaching $176.6M over the same period.The EPS is expected to shrink by -24.47% this year, but quarterly earnings will post 6.93% year-over-year. Quarterly sales are estimated to grow 8.83% in year-over-year returns.

First Industrial Realty Trust, Inc (FR) Top Institutional Holders

593.0 institutions hold shares in First Industrial Realty Trust, Inc (FR), with institutional investors hold 99.40% of the company’s shares. The shares outstanding are 132.35M, and float is at 131.25M with Short Float at 1.58%. Institutions hold 98.98% 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 11.4658 of the shares outstanding. The other top investors are STATE STREET CORP which holds 6.59 million shares representing 4.9803% and valued at over $315.61 million, while BLACKSTONE INC. holds 3.7783 of the shares totaling 5.0 million with a market value of $237.61 million.