The stock of First Industrial Realty Trust Inc. (NYSE:FR) decreased by -$0.32 on Tuesday to finish at $50.60, down -0.63 percent. The last five days have seen an average of 695,380 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $2.34. The average number of shares traded over the last 20 days was 966,820, while the average volume over the last 50 days totaled 931,606.
FR stock dropped -7.17% since last month. On 08/03/23, the company’s shares reached a one-month low of $50.34. The stock touched a high of $55.88 on 02/02/23, after rallying from a low of $42.91 in 52 weeks. The price of FR stock has risen by 4.85% or $2.34 this year, reaching a new high 12 times. Still, the stock price is down -9.45% from the 52-week high.
Insider Transactions
FR stock investors should be aware that First Industrial Realty Trust Inc. (FR) stock had its last reported insider trading activity 110 days ago on Apr 28. On Apr 28, Chief Financial Officer MUSIL SCOTT A sold 7,600 shares at $52.28 each. This transaction resulted in the insider making $397,328.
Valuation Metrics
First Industrial Realty Trust Inc. (FR) has a trailing price-to-earnings (P/E) ratio of 21.16. Beta for the stock is 0.99. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 11.36, the price-to-book (PB) ratio of 2.69.
Company paid $0.32 per share in dividends, remained unchanged from $0.32 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.88, and the total debt to equity ratio is 0.88. As far as profitability goes, gross margin for the trailing twelve months is 73.50% percent. First Industrial Realty Trust Inc.’s operating margin stood at 40.00% for the same period. Based on annual data, it had gross profit of $213.97 million and revenue of $539.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FR’s return on assets (ROA) during the last 12 months has been 6.40%. There was a 4.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 12.90%.
Earnings Surprise
According to First Industrial Realty Trust Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $152.22 million, while revenues rose by 14.56% to $149.42 million. It was predicted that First Industrial Realty Trust Inc.’s quarterly earnings would be $0.41, but it ended up being $0.28, beating the consensus by 46.40%. EBITDA was $103.2 million for the quarter. At the end of First Industrial Realty Trust Inc.’s most recent quarter ended June 29, its total debt was $2.2 billion. Equity owned by shareholders amounts to $132.25 million.
Technical Picture
Here’s a quick look at First Industrial Realty Trust Inc.’s (FR) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 32.76%, suggesting the stock is Neutral, with a 10.08% historical volatility rate.
The stochastic %K and %D were 16.43% and 19.25% respectively, while the average true range (ATR) was 0.87. Based on the 14-day stochastic reading of 7.32%, the RSI (14) reading is 37.62%. On the 9-day MACD Oscillator, the stock is at -0.22, and the 14-day reading is at -0.43.
Analyst Ratings
In its analyst report released on July 19, 2023, Citigroup began covering First Industrial Realty Trust Inc. (NYSE: FR). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned First Industrial Realty Trust Inc. (FR) an Overweight rating. FR is a stock that is recommended for selling by 1 brokerage firm, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 5 others recommend it as a buy.
What is FR’s price target for the next 12 months?
The current consensus forecast for the stock is between $47.00 and $65.00, with a median target price of $60.00. In analyzing these forecasts, the average price target given by analysts for First Industrial Realty Trust Inc. (FR) is $58.73.
