As of Thursday close, First Industrial Realty Trust Inc.’s (NYSE:FR) stock was down -$1.72, moving down -3.38 percent to $49.24. The average number of shares traded per day over the past five days has been 885,920 shares. 3 times new highs have been achieved over the past 5 days, with a -$2.30 fall in that time frame. In the last twenty days, the average volume was 912,095, while in the previous 50 days, it was 928,136.
Since last month, FR stock retreated -2.73%. Shares of the company fell to $49.20 on 09/21/23, the lowest level in the past month. A 52-week high of $55.51 was reached on 02/02/23 after having rallying from a 52-week low of $42.91. Since the beginning of this year, FR’s stock price has risen by 2.03% or $0.98, and marked a new high 12 times. However, the stock has declined by -11.30% since its 52-week high.
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FR stock investors should be aware that First Industrial Realty Trust Inc. (FR) stock had its last reported insider trading activity 147 days ago on Apr 28. MUSIL SCOTT A, the Chief Financial Officer of the company, disposed of 7,600 shares for $52.28 on Apr 28. It resulted in a $397,328 divestment by the insider.
Valuation Metrics
Right now, First Industrial Realty Trust Inc. (FR) has a P/E ratio of about 20.59. The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 11.15, the price-to-book (PB) ratio of 2.61.
The latest dividend of $0.32 per share was paid out, remained unchanged from last year’s $0.32.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.88, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 73.50% percent. In the year ended June 29, operating margins totaled 40.00%. Based on annual data, FR earned $213.97 million in gross profit and brought in $539.93 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was 12.90%.
In First Industrial Realty Trust Inc.’s quarter-end financial report for June 29, it reported total debt of $10.14 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FR’s revenue rose 14.56% to $149.42 million during the quarter, while net income inched up to $152.22 million. While analysts expected First Industrial Realty Trust Inc. to report $0.28 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 46.40%. During the quarter, the company generated $103.2 million in EBITDA. The value of shareholders’ equity is $132.25 million.
Technical Picture
This quick technical analysis looks at First Industrial Realty Trust Inc.’s (FR) price momentum. With a historical volatility rate of 23.98%, the RSI 9-day stood at 29.85% on 21 September.
With respect to its five-day moving average, the current First Industrial Realty Trust Inc. price is down by -4.46% percent or -$2.30. At present, FR shares trade -4.98% below its 20-day simple moving average and -6.16% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.01% below its SMA50 and -2.84% below its SMA200.
Stochastic coefficient K was 25.55% and Stochastic coefficient D was 37.25%, while ATR was 0.88. Given the Stochastic reading of 1.23% for the 14-day period, the RSI (14) reading has been calculated as 35.15%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.54.
Analyst Ratings
Citigroup launched its rating on First Industrial Realty Trust Inc. (NYSE: FR) to a Neutral in a note to investors on July 19, 2023. First Industrial Realty Trust Inc. (FR) has been rated Overweight by analysts. According to 1 brokerage firm, FR is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate First Industrial Realty Trust Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $60.00, the current consensus forecast for the stock is $47.00 – $65.00. Based on these forecasts, analysts predict First Industrial Realty Trust Inc. (FR) will achieve an average price target of $58.73.
