At the time of writing, First Industrial Realty Trust, Inc. [FR] stock is trading at $55.04, up 1.42%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FR shares have gain 2.32% over the last week, with a monthly amount glided 15.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Industrial Realty Trust, Inc. [NYSE: FR] stock has seen the most recent analyst activity on June 04, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $57. Previously, Wedbush downgraded its rating to Neutral on April 25, 2024, and dropped its price target to $49. On March 27, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $53 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating. Mizuho upgraded its rating to a Buy but $55 remained the price target by the analyst firm on December 05, 2023. KeyBanc Capital Markets downgraded its rating to Underweight for this stock on October 12, 2023, but kept the price target unchanged to $42. In a note dated October 03, 2023, Wedbush initiated an Outperform rating and provided a target price of $55 on this stock.
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 $59 within the next 12 months. First Industrial Realty Trust, Inc. [NYSE: FR] shares were valued at $55.04 at the most recent close of the market. An investor can expect a potential return of 7.19% 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 638.79M for trailing twelve months, which represents an 7.83% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.64%, Pretax Profit Margin comes in at 0.46%, and Net Profit Margin reading is 0.44%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.11 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.86.
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 54.38 points at the first support level, and at 53.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 55.47, and for the 2nd resistance point, it is at 55.91.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.40, the price to book ratio is 2.80 and price to earnings (TTM) ratio is 25.68.
