As of close of business last night, First Industrial Realty Trust, Inc.’s stock clocked out at $53.01, down -0.77% from its previous closing price of $53.42. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 1002804 shares were traded.
Ratios:
To gain a deeper understanding of FR’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.88 whereas as Long-Term Debt/Eq ratio is at 0.66.
On December 05, 2023, Mizuho Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $55.
KeyBanc Capital Markets Downgraded its Sector Weight to Underweight on October 12, 2023, while the target price for the stock was maintained at $42.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 28 when MUSIL SCOTT A sold 7,600 shares for $52.28 per share. The transaction valued at 397,328 led to the insider holds 81,078 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FR now has a Market Capitalization of 7.02B and an Enterprise Value of 9.22B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.55, and their Forward P/E ratio for the next fiscal year is 31.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.43 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 15.01 whereas that against EBITDA is 18.39.
Stock Price History:
Over the past 52 weeks, FR has reached a high of $55.15, while it has fallen to a 52-week low of $40.41. The 50-Day Moving Average of the stock is 52.96, while the 200-Day Moving Average is calculated to be 50.37.
Shares Statistics:
It appears that FR traded 1.13M shares on average per day over the past three months and 1.21M shares per day over the past ten days. A total of 132.29M shares are outstanding, with a floating share count of 131.78M. Insiders hold about 0.42% of the company’s shares, while institutions hold 97.61% stake in the company. Shares short for FR as of Jan 31, 2024 were 1.42M with a Short Ratio of 1.26, compared to 1.45M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.07% and a Short% of Float of 1.47%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.28, FR has a forward annual dividend rate of 1.13. Against a Trailing Annual Dividend Yield of 2.40%, it implies a Forward Annual Dividend Yield of 2.79%. The stock’s 5-year Average Dividend Yield is 2.28.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.31 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.3, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.39, with high estimates of $0.51 and low estimates of $0.32.
Analysts are recommending an EPS of between $1.7 and $1.31 for the fiscal current year, implying an average EPS of $1.47. EPS for the following year is $1.73, with 4 analysts recommending between $1.97 and $1.57.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $161.46M. It ranges from a high estimate of $164.67M to a low estimate of $158M. As of the current estimate, First Industrial Realty Trust, Inc.’s year-ago sales were $143.77M, an estimated increase of 12.30% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $164.12M, an increase of 7.80% less than the figure of $12.30% in the same quarter last year. There is a high estimate of $166.19M for the next quarter, whereas the lowest estimate is $160M.
A total of 6 analysts have provided revenue estimates for FR’s current fiscal year. The highest revenue estimate was $678.46M, while the lowest revenue estimate was $643M, resulting in an average revenue estimate of $665.89M. In the same quarter a year ago, actual revenue was $614.03M, up 8.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $719.84M in the next fiscal year. The high estimate is $752.8M and the low estimate is $667M. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.
