At the time of writing, First Industrial Realty Trust, Inc. [FR] stock is trading at $52.56, down -0.81%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FR shares have lost -0.61% over the last week, with a monthly amount drifted -2.76%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, First Industrial Realty Trust To Present At Citi’s 2024 Global Property CEO Conference. In a post published today on Yahoo Finance, First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of logistics real estate, today announced that it will present at Citi’s 2024 Global Property CEO Conference. The presentation is scheduled for Monday, March 4, 2024 at 3:35 p.m. EST (2:35 p.m. CST).
From an analyst’s perspective:
Previously, Mizuho upgraded its rating to Buy on December 05, 2023, and kept the price target unchanged to $55. On October 12, 2023, downgrade downgraded it’s rating to Underweight but maintained its price target of $42 on the stock. Wedbush started tracking the stock assigning a Outperform rating and suggested a price target of $55 on October 03, 2023. Citigroup initiated its recommendation with a Neutral and recommended $57 as its price target on July 19, 2023. In a note dated December 16, 2022, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $53 to $56.
For the past year, the stock price of First Industrial Realty Trust, Inc. fluctuated between $40.41 and $55.15. Currently, Wall Street analysts expect the stock to reach $58.86 within the next 12 months. First Industrial Realty Trust, Inc. [NYSE: FR] shares were valued at $52.56 at the most recent close of the market. An investor can expect a potential return of 11.99% based on the average FR price forecast.
Analyzing the FR fundamentals
According to First Industrial Realty Trust, Inc. [NYSE:FR], the company’s sales were 614.03M for trailing twelve months, which represents an 8.76% jump. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.64%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.88.
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 52.05 points at the first support level, and at 51.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.98, and for the 2nd resistance point, it is at 53.40.
First Industrial Realty Trust, Inc. [FR] reported earnings per share of $0.67 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.31/share, meaning a difference of $0.36 and a surprise factor of 116.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.57 per share as compared to estimates of $0.3 per share, a difference of $0.27 representing a surprise of 90.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.33, the price to book ratio is 2.71 and price to earnings (TTM) ratio is 25.33.
Transactions by insiders
Recent insider trading involved MUSIL SCOTT A, Chief Financial Officer, that happened on Apr 28 ’23 when 7600.0 shares were sold.
