Are You Looking To Buy First Industrial Realty Trust Inc. (FR)? First, Read This

First Industrial Realty Trust Inc. (NYSE:FR) finished Friday with an addition of $0.3 to close at $58.30, an upside of 0.52 percent. An average of 546,180 shares of common stock have been traded in the last five days. There was a gain of $1.66 in the past week, and it reached a new high 45 times over the past 12 months. The last 20 days have seen an average of 645,695 shares traded, while the 50-day average volume stands at 920,494.

FR stock has increased by 8.77% in the last month. The company shares reached their 1-month lowest point of $51.93 on 09/28/21. With the stock rallying to its 52-week high on 10/21/21, shares of the company touched a low of $39.24 and a high of $59.18 in 52 weeks. It has reached a new high 46 times so far this year and achieved 38.38% or $16.17 in price. In spite of this, the price is down -1.49% from the 52-week high.

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Insider Transactions

176 days have passed since First Industrial Realty Trust Inc. (FR) last reported insider trading activity. Schultz Peter, who is EVP – East Region, most recently acquired $15,000 shares at $49.82 per share on Apr 30. In this transaction, the insider spent $747,300. Chief Financial Officer, MUSIL SCOTT A, disposed of 10,800 shares at a price of $49.24 on Apr 26. The insider now owns more than $531,792 worth of shares. Prior to that, Chief Investment Officer YAP JOHANNSON L went on to Sale 15,000 shares at $49.26 each on Apr 26. An amount of $738,900 was transacted.

Valuation Metrics

First Industrial Realty Trust Inc. (FR) has a trailing price-to-earnings (P/E) ratio of 32.21, which compares with the 21.25 for the broader industry and 39.54 for the sector. In the last five years, First Industrial Realty Trust Inc.’s PE ratio has ranged between 35.15 and 14.41. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 16.25, the price-to-book (PB) ratio at 3.86.

First Industrial Realty Trust Inc. pays a $1.08 dividend per share annually. It offers a dividend yield of 1.85%. The company has a payout ratio of 57.40%. The company’s most recent quarterly dividend payment took place on Oct. 18, and it was $0.27 a share, without any change from last year. Its dividend has been increased for the last 8 consecutive years with the latest increase dividend $0.02 reported on Wednesday February 10 2021.Dividends have grown by 19.05% each year over the last three years.

Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.82 for the quarter ending June 29. Its gross profit as reported stood at $166.35 million compared to revenue of $448.03 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, First Industrial Realty Trust Inc.’s return on assets was 6.10%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

For the three-month period that ended June 29, First Industrial Realty Trust Inc. had $83.74 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $51.94 million in the quarter, while revenues of $62.2 million were grew 31.32%. The analyst consensus anticipated First Industrial Realty Trust Inc.’s latest quarter earnings to come in at $0.22 per share, but it turned out to be $0.4, a 81.80% surprise. For the quarter, EBITDA amounted to $88.4 million. At the end of the quarter ending June 29, First Industrial Realty Trust Inc.’s stock balance sheet showed total debt was $1.63 billion. Shareholders own equity worth $129.13 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at First Industrial Realty Trust Inc. (FR) price momentum. RSI 9-day as of the close on 22 October was 77.65%, suggesting the stock is Overbought, with historical volatility in this time frame at 14.82%.

As of today, FR’s price is $57.79 +2.93% or $1.66 from its 5-day moving average. FR is currently trading +9.69% higher than its 20-day SMA and +12.46% higher than its 100-day SMA. However, the stock’s current price level is +6.48% above the SMA50 and +41.40% above the SMA200.

The stochastic %K and %D were 89.77% and 92.28%, respectively, and the average true range (ATR) was 1.07. With the 14-day stochastic at 87.02% and the average true range at 1.03, the RSI (14) stands at 72.31%. The stock has reached 1.31 on the 9-day MACD Oscillator while the 14-day reading was at 2.48.

Analyst Ratings

Berenberg launched coverage on First Industrial Realty Trust Inc. (NYSE: FR) in its analyst report released on October 20, 2021. The firm assigned the stock a a Buy rating. The consensus rating for First Industrial Realty Trust Inc. (FR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FR, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 others rate it as a “buy”.

What is FR’s price target for the next 12 months?

Analysts predict a range of price targets between $54.00 and $70.00, with a median target of $59.00. Taking a look at these predictions, the average price target given by analysts for First Industrial Realty Trust Inc. (FR) stock is $60.85.


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