Technicals Say First Industrial Realty Trust Inc. (FR) Is A Hold

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First Industrial Realty Trust Inc. (NYSE:FR) finished Thursday with a subtraction of -$0.49 to close at $47.84, a downside of -1.01 percent. An average of 967,899 shares of common stock have been traded in the last five days. There was a fall of -$2.75 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 1,009,875 shares traded, while the 50-day average volume stands at 968,894.

FR stock has decreased by -7.40% in the last month. The company shares reached their 1-month lowest point of $47.53 on 09/23/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $45.79 and a high of $66.74 in 52 weeks. It has reached a new high 1 time so far this year and lost -26.99% or -$18.55 in price. In spite of this, the price is down -28.31% from the 52-week high.


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Insider Transactions

280 days have passed since First Industrial Realty Trust Inc. (FR) last reported insider trading activity. YAP JOHANNSON L, who is Chief Investment Officer, most recently acquired $10,000 shares at $64.12 per share on Dec 17.

Valuation Metrics

First Industrial Realty Trust Inc. (FR) has a trailing price-to-earnings (P/E) ratio of 20.49. The stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.95, the price-to-book (PB) ratio at 2.77.

The company has a payout ratio of 47.90%. The company’s most recent quarterly dividend payment was $0.2950 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Wednesday February 9 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.83 for the quarter ending June 29. Its gross profit as reported stood at $179.43 million compared to revenue of $476.29 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 7.20%.

Earnings Surprise

For the three-month period that ended June 29, First Industrial Realty Trust Inc. had $10.45 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 $116.99 million in the quarter, while revenues of $36.26 million were grew 55.6%. The analyst consensus anticipated First Industrial Realty Trust Inc.’s latest quarter earnings to come in at $0.28 per share, but it turned out to be $0.88, a 214.30% surprise. For the quarter, EBITDA amounted to $88.73 million. At the end of the quarter ending June 29, First Industrial Realty Trust Inc.’s stock balance sheet showed total debt was $1.93 billion. Shareholders own equity worth $132.07 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 September was 21.17%, suggesting the stock is oversold, with historical volatility in this time frame at 11.17%.

As of today, FR’s price is $48.82 -5.46% or -$2.75 from its 5-day moving average. FR is currently trading -10.15% lower than its 20-day SMA and -15.17% lower than its 100-day SMA. However, the stock’s current price level is +2.43% above the SMA50 and -24.46% below the SMA200.

The stochastic %K and %D were 4.02% and 7.60%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 1.94% and the average true range at 1.12, the RSI (14) stands at 28.82%. The stock has reached -1.69 on the 9-day MACD Oscillator while the 14-day reading was at -2.61.

Analyst Ratings

Mizuho downgraded First Industrial Realty Trust Inc. (NYSE: FR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for First Industrial Realty Trust Inc. (FR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 6 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 $55.00 and $74.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for First Industrial Realty Trust Inc. (FR) stock is $61.50.

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