RBC Capital Remains a Buy on First Industrial Realty (FR)
TipRanks (Mon, 6-May 6:35 AM ET)
First Industrial Realty Trust Declares Common Stock Dividends
PRNewswire (Tue, 30-Apr 4:15 PM ET)
First Industrial Realty Trust Reports First Quarter 2024 Results
PRNewswire (Wed, 17-Apr 4:56 PM ET)
First Industrial Realty Trust To Host First Quarter 2024 Results Conference Call On April 18
PRNewswire (Wed, 20-Mar 4:19 PM ET)
First Industrial Realty Trust To Present At Citi's 2024 Global Property CEO Conference
PRNewswire (Thu, 29-Feb 5:59 PM ET)
First Industrial Realty Trust Announces Annual Meeting of Stockholders and Record Date
PRNewswire (Thu, 15-Feb 4:20 PM ET)
First Industrial Realty Trust Inc is a real estate investment trust that owns, manages, acquires, sells, develops, and redevelops industrial real estate. First Industrial's real estate portfolio is comprised of light industrial properties, which are split between industrial and office space, and bulk warehouse properties generally located in business parks near transportation hubs. While light industrial buildings represent a share of First Industrial's holdings, bulk warehouses make up the majority of its portfolio's square footage. The company derives the vast majority of its revenue from rental income tied to medium-term leases. First Industrial's customers include manufacturing, retail, wholesale trade, distribution, and professional services companies.
First Industrial Realty Trust trades on the NYSE stock market under the symbol FR.
As of May 8, 2024, FR stock price declined to $47.07 with 135,625 million shares trading.
FR has a beta of 1.43, meaning it tends to be more sensitive to market movements. FR has a correlation of 0.46 to the broad based SPY ETF.
FR has a market cap of $6.23 billion. This is considered a Mid Cap stock.
Last quarter First Industrial Realty Trust reported $162 million in Revenue and $.60 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.02.
In the last 3 years, FR stock traded as high as $66.74 and as low as $40.44.
The top ETF exchange traded funds that FR belongs to (by Net Assets): VNQ, VTI, IJH, VB, VBR.
FR has underperformed the market in the last year with a price return of -11.0% while the SPY ETF gained +26.8%. FR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.2% and +1.3%, respectively, while the SPY returned +4.0% and +2.2%, respectively.
FR support price is $46.74 and resistance is $48.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FR stock will trade within this expected range on the day.