In the past week, FR stock has gone up by 4.02%, with a monthly gain of 0.09% and a quarterly surge of 0.79%. The volatility ratio for the week is 1.66%, and the volatility levels for the last 30 days are 1.59% for First Industrial Realty Trust, Inc. The simple moving average for the last 20 days is 2.34% for FR stock, with a simple moving average of 5.86% for the last 200 days.
Is It Worth Investing in First Industrial Realty Trust, Inc. (NYSE: FR) Right Now?
First Industrial Realty Trust, Inc. (NYSE: FR) has a higher price-to-earnings ratio of 25.68x compared to its average ratio, The 36-month beta value for FR is at 1.03. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for FR is 131.78M, and currently, shorts hold a 1.45% of that float. The average trading volume for FR on April 10, 2024 was 1.15M shares.
FR) stock’s latest price update
First Industrial Realty Trust, Inc. (NYSE: FR)’s stock price has increased by 1.24 compared to its previous closing price of 52.63. However, the company has seen a 4.02% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-28 that Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Industrial Realty Trust (FR) have what it takes?
Analysts’ Opinion of FR
Many brokerage firms have already submitted their reports for FR stocks, with Barclays repeating the rating for FR by listing it as a “Equal Weight.” The predicted price for FR in the upcoming period, according to Barclays is $53 based on the research report published on March 27, 2024 of the current year 2024.
Mizuho gave a rating of “Buy” to FR, setting the target price at $55 in the report published on December 05th of the previous year.
FR Trading at 1.06% from the 50-Day Moving Average
After a stumble in the market that brought FR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.39% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +0.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.82% upper at present.
During the last 5 trading sessions, FR rose by +4.02%, which changed the moving average for the period of 200-days by +4.06% in comparison to the 20-day moving average, which settled at $52.08. In addition, First Industrial Realty Trust, Inc. saw 1.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FR starting from MUSIL SCOTT A, who sale 7,600 shares at the price of $52.28 back on Apr 28 ’23. After this action, MUSIL SCOTT A now owns 81,078 shares of First Industrial Realty Trust, Inc., valued at $397,328 using the latest closing price.
Stock Fundamentals for FR
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.73 for the gross margin
The net margin for First Industrial Realty Trust, Inc. stands at 0.41. The total capital return value is set at 0.08. Equity return is now at value 10.93, with 5.42 for asset returns.
Based on First Industrial Realty Trust, Inc. (FR), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is 5.32.
Currently, EBITDA for the company is 405.52 million with net debt to EBITDA at 5.43. When we switch over and look at the enterprise to sales, we see a ratio of 15.07. The receivables turnover for the company is 3.96for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In conclusion, First Industrial Realty Trust, Inc. (FR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
