First Industrial Realty Trust, Inc (NYSE: FR) is -3.72% 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 $50.51 in the last trading session, with the day’s gains setting it 0.53%.
Currently trading at $51.04, the stock is 3.68% and 3.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.23 million and changing 1.05% at the moment leaves the stock -1.18% off its SMA200. FR registered 1.82% gain for a year compared to 6-month loss of -4.06%. The firm has a 50-day simple moving average (SMA 50) of $49.486 and a 200-day simple moving average (SMA200) of $51.71205.
The stock witnessed a 1.86% gain in the last 1 month and extending the period to 3 months gives it a 10.12%, and is 3.51% 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 2.44% over the week and 2.30% over the month.
First Industrial Realty Trust, Inc (FR) has around 151 employees, a market worth around $6.97B and $700.47M in sales. Current P/E ratio is 24.96 and Fwd P/E is 30.24. Profit margin for the company is 38.67%. Distance from 52-week low is 26.62% and -12.25% from its 52-week high. The company has generated returns on investments over the last 12 months (5.70%).
The EPS is expected to shrink by -27.62% this year
614.0 institutions hold shares in First Industrial Realty Trust, Inc (FR), with institutional investors hold 97.56% of the company’s shares. The shares outstanding are 132.41M, and float is at 131.27M with Short Float at 3.04%. Institutions hold 97.15% 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 14.383 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.
