Streetbeat News

First Industrial Realty Trust, Inc.

https://www.firstindustrial.com

Industry

REIT - Industrial

First Industrial Realty Trust, Inc. (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types. In total, we own and have under development approximately 64.1 million square feet of industrial space as of September 30, 2020.

Open

51.83

Mkt cap

Volume

598K

High

52.91

P/E Ratio

22.76

52-wk high

57.35

Low

51.83

Div yield

0.03

52-wk low

45.10

First Industrial Realty Trust has performed well with a 26% rise in the past year and a 12% return since the last 'buy' rating. Despite strong lease renewals and a solid balance sheet, high interest rates and geopolitical risks may limit its upside. The company offers a 2.8% dividend yield and over 7% expected dividend growth, supporting a 'buy' rating with a target of 10% long-term returns.

Portfolio Pulse from

November 14, 2024 | 3:15 am

First Industrial Realty Trust has projected its Funds From Operations (FFO) for the fiscal year 2024 to be between $2.61 and $2.65, compared to the analyst estimate of $2.62.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:46 pm

First Industrial Realty (NYSE:FR) reported Q3 2024 earnings of $0.68 per share, surpassing the analyst consensus estimate of $0.66 by 3.03%.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:44 pm

First Industrial Realty Trust has announced its FY24 adjusted EPS guidance of $2.09-$2.13, significantly above the previous estimate of $1.64.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:39 pm

First Industrial Realty reported Q3 2024 earnings per share of $0.75, significantly beating the estimate of $0.38. However, sales of $167.645 million slightly missed the $169.488 million estimate, though they increased by 8.08% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 8:34 pm

First Industrial Realty (NYSE:FR) is set to release its quarterly earnings on October 16, 2024. Analysts expect an EPS of $0.67. The company's past performance shows a positive trend, with a 2.92% share price increase following the last earnings beat. Analysts have given a Neutral rating with a price target of $58.8, suggesting a potential 7.91% upside. The company shows strong financial health with a high net margin and effective debt management.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 2:03 pm

Analysts have varied opinions on First Industrial Realty (NYSE:FR), with recent ratings showing a mix of bullish and bearish sentiments. The average 12-month price target has increased by 11.41% to $58.8. Analysts have raised their price targets, reflecting positive sentiment towards the company's financial performance, including strong revenue growth and profitability.

Portfolio Pulse from Benzinga Insights

October 10, 2024 | 6:01 pm

Barclays analyst Anthony Powell maintains an Equal-Weight rating on First Industrial Realty (NYSE:FR) and raises the price target from $52 to $56.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 2:24 pm

Mizuho analyst Vikram Malhorta maintains an Outperform rating on First Industrial Realty (NYSE:FR) and raises the price target from $58 to $62.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:00 pm

Wells Fargo has maintained an Equal-Weight rating on First Industrial Realty (NYSE:FR) while raising the price target from $50 to $61.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 2:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.