First Industrial Realty Trust Inc. [NYSE: FR] gained 2.44% or 0.96 points to close at $40.29 with a heavy trading volume of 1834061 shares. It opened the trading session at $40.90, the shares rose to $41.245 and dropped to $39.74, the range by which the price of stock traded the whole day. The daily chart for FR points out that the company has recorded -1.25% loss over the past six months. However, it is still -55.62% lower than its most recent low trading price.
If we look at the average trading volume of 1.37M shares, FR reached to a volume of 1834061 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about First Industrial Realty Trust Inc. [FR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FR shares is $40.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FR stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for First Industrial Realty Trust Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 27, 2020. The new note on the price target was released on May 16, 2019, representing the official price target for First Industrial Realty Trust Inc. stock.
The Average True Range (ATR) for First Industrial Realty Trust Inc. is set at 1.43, with the Price to Sales ratio for FR stock in the period of the last 12 months amounting to 11.48. The Price to Book ratio for the last quarter was 2.89, with the Price to Cash per share for the same quarter was set at 0.17.
Trading performance analysis for FR stock
First Industrial Realty Trust Inc. [FR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.08. With this latest performance, FR shares gained by 18.57% in over the last four-week period, additionally sinking by -1.25% over the last 6 months – not to mention a rise of 9.25% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FR stock in for the last two-week period is set at 61.10, with the RSI for the last a single of trading hit 61.99, and the three-weeks RSI is set at 58.79 for First Industrial Realty Trust Inc. [FR]. The present Moving Average for the last 50 days of trading for this stock 36.65, while it was recorded at 39.31 for the last single week of trading, and 39.23 for the last 200 days.
First Industrial Realty Trust Inc. [FR]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and First Industrial Realty Trust Inc. [FR] shares currently have an operating margin of +24.93 and a Gross Margin at +44.43. First Industrial Realty Trust Inc.’s Net Margin is presently recorded at +55.97.
Return on Total Capital for FR is now 3.38, given the latest momentum, and Return on Invested Capital for the company is 7.80. Return on Equity for this stock inclined to 13.97, with Return on Assets sitting at 7.15. When it comes to the capital structure of this company, First Industrial Realty Trust Inc. [FR] has a Total Debt to Total Equity ratio set at 85.35. Additionally, FR Total Debt to Total Capital is recorded at 46.05, with Total Debt to Total Assets ending up at 42.80. Long-Term Debt to Equity for the company is recorded at 84.10, with the Long-Term Debt to Total Capital now at 45.37.
Reflecting on the efficiency of the workforce at the company, First Industrial Realty Trust Inc. [FR] managed to generate an average of $1,537,142 per employee. Receivables Turnover for the company is 6.11 with a Total Asset Turnover recorded at a value of 0.13.
First Industrial Realty Trust Inc. [FR]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, First Industrial Realty Trust Inc. posted 0.31/share EPS, while the average EPS was predicted by analysts to be reported at 0.23/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 34.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Industrial Realty Trust Inc. go to 10.00%.
An analysis of insider ownership at First Industrial Realty Trust Inc. [FR]
There are presently around $4,896 million, or 98.70% of FR stock, in the hands of institutional investors. The top three institutional holders of FR stocks are: VANGUARD GROUP INC with ownership of 19,213,455, which is approximately 0.386% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 18,944,289 shares of the stock with an approximate value of $745.08 million in FR stocks shares; and STATE STREET CORP, currently with $281.53 million in FR stock with ownership of nearly 1.688% of the company’s market capitalization.
Positions in First Industrial Realty Trust Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 156 institutional holders increased their position in First Industrial Realty Trust Inc. [NYSE:FR] by around 11,090,259 shares. Additionally, 142 investors decreased positions by around 7,413,255 shares, while 46 investors held positions by with 105,982,579 shares. The mentioned changes placed institutional holdings at 124,486,093 shares, according to the latest SEC report filing. FR stock had 50 new institutional investments in for a total of 1,597,659 shares, while 38 institutional investors sold positions of 618,955 shares during the same period.