Prepare Yourself for Liftoff: First Industrial Realty Trust, Inc. (FR)

With 2.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.02 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $54.13 whereas the lowest price it dropped to was $52.54. The 52-week range on FR shows that it touched its highest point at $55.14 and its lowest point at $40.41 during that stretch. It currently has a 1-year price target of $55.08. With its current market cap of 7.09 billion, FR has annualized dividend of $1.38 while the current yield stands at 2.57%. Beta for the stock currently stands at 1.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FR was up-trending over the past week, with a rise of 1.21%, but this was up by 1.13% over a month. Three-month performance surged to 24.02% while six-month performance rose 5.05%. The stock gained 0.67% in the past year, while it has gained 1.77% so far this year. A look at the trailing 12-month EPS for FR yields 2.07 with Next year EPS estimates of 1.61. For the next quarter, that number is 0.32. This implies an EPS growth rate of -29.35% for this year and 10.09% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 9.56%.

Float and Shares Shorts:

At present, 132.14 million FR shares are outstanding with a float of 131.71 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.52 million, which was 1.15% higher than short shares on Dec 14, 2023. In addition to F as the firm’s Ford Motor Company, FSR serves as its Fisker Inc..

Institutional Ownership:

Through their ownership of 99.47% of FR’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FR analysts setting a high price target of $63.00 and a low target of $42.00, the average target price over the next 12 months is $55.08. Based on these targets, FR could surge 17.54% to reach the target high and fall by -21.64% to reach the target low. Reaching the average price target will result in a growth of 2.76% from current levels.

Summary of Insider Activity:

Insiders traded FR stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 4 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 2,872 while 12,830 shares were sold.