How did First Industrial Realty Trust Inc. (FR) surprise investors with its report?

As of right now, First Industrial Realty Trust Inc. [FR] is trading at $52.68, down -0.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FR shares have gain 2.75% over the last week, with a monthly amount glided 8.48%, and seem to be holding up well over a long-time horizon.

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On 24, January 2023, FIRST INDUSTRIAL REALTY TRUST TO HOST FOURTH QUARTER AND FULL YEAR 2022 RESULTS CONFERENCE CALL ON FEBRUARY 9. In a post published today on Yahoo Finance, First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, will host its fourth quarter and full year 2022 results conference call on Thursday, February 9, 2023 at 10:00 a.m. CST (11:00 a.m. EST). The conference call may be accessed by dialing (877) 870-4263, passcode “First Industrial”. The conference call will also be webcast live on the Investors page of the Company’s website at www.firstindustrial.com.

From an analyst’s perspective:

First Industrial Realty Trust Inc. [NYSE: FR] stock has seen the most recent analyst activity on December 16, 2022, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $56 from $53. Previously, Mizuho downgraded its rating to Neutral on January 13, 2022, and elevated its price target to $64. On October 20, 2021, Berenberg initiated with a Buy rating and assigned a price target of $66 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $65 on September 01, 2021. KeyBanc Capital Markets downgraded its rating to a Sector Weight. In a note dated June 15, 2021, Wolfe Research initiated an Peer Perform rating and iterated a target price of $54 on this stock.

Through the last year, First Industrial Realty Trust Inc.’s stock price ranged from $42.91 to $65.92. Currently, Wall Street analysts expect the stock to reach $56.80 within the next 12 months. First Industrial Realty Trust Inc. [NYSE: FR] shares were valued at $52.68 at the most recent close of the market. An investor can expect a potential return of 7.82% based on the average FR price forecast.

Analyzing the FR fundamentals

For First Industrial Realty Trust Inc., (FR), the latest quarter sales were 139.75 billion, which represents an 15.40% increase. Gross Margin for this corporation currently stands at +44.94% with Operating Margin at +37.67%, Pretax Margin comes in at +59.22%, and Net Margin reading is +56.83%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.39 points at the first support level, and at 52.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.02, and for the 2nd resistance point, it is at 53.36.

First Industrial Realty Trust Inc. [FR] reported earnings per share of $0.94 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.27/share, meaning a difference of $0.67 and a surprise factor of 248.10%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.88 per share as compared to estimates of $0.28 per share, a difference of $0.6 representing a surprise of 214.30%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 18.04, the price to book ratio is 3.97 and the P/E (TTM) ratio is 17.75.

Transactions by insiders

Insider trading, which has resulted in 2 insider purchases of 15,064 shares and 5 insider sales of 9,099 shares in the past three months, is now the topic of our analysis.