First Industrial Realty Trust, Inc. (NYSE: FR)’s stock price has decreased by -0.95 compared to its previous closing price of 46.47. However, the company has seen a -5.29% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that First Industrial Realty Trust, Inc. (NYSE:FR ) Q1 2024 Earnings Conference Call April 18, 2024 11:00 AM ET Company Participants Art Harmon – SVP of IR and Marketing Peter Baccile – President and CEO Scott Musil – CFO Jojo Yap – CIO Peter Schultz – EVP Chris Schneider – EVP, Operations Conference Call Participants Ki Bin Kim – Truist Rob Stevenson – Janney Vikram Malhotra – Mizuho Todd Thomas – KeyBanc Capital Markets Rich Anderson – Wedbush Craig Mailman – Citi Nicholas Yulico – Scotiabank Nick Thillman – Baird Jessica Zheng – Green Street Blaine Heck – Wells Fargo Caitlin Burrows – Goldman Sachs Bill Crow – Raymond James Nikita Bely – JPMorgan Jon Petersen – Jefferies Operator Good day, and welcome to the First Industrial Realty Trust, Inc. First Quarter Results Call. [Operator Instructions] Please note this event is being recorded.
Is It Worth Investing in First Industrial Realty Trust, Inc. (NYSE: FR) Right Now?
First Industrial Realty Trust, Inc. (NYSE: FR) has a price-to-earnings ratio of 21.22x that is above its average ratio. Additionally, the 36-month beta value for FR is 1.05. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for FR is 131.78M and currently, short sellers hold a 1.16% ratio of that float. The average trading volume of FR on April 25, 2024 was 1.23M shares.
FR’s Market Performance
FR stock saw a decrease of -5.29% in the past week, with a monthly decline of -11.17% and a quarterly a decrease of -11.45%. The volatility ratio for the week is 2.65%, and the volatility levels for the last 30 days are 2.07% for First Industrial Realty Trust, Inc. (FR). The simple moving average for the last 20 days is -8.59% for FR stock, with a simple moving average of -8.25% for the last 200 days.
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 -11.59% 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 -16.54% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.87% lower at present.
During the last 5 trading sessions, FR fell by -5.29%, which changed the moving average for the period of 200-days by -13.41% in comparison to the 20-day moving average, which settled at $50.09. In addition, First Industrial Realty Trust, Inc. saw -12.61% in overturn over a single year, with a tendency to cut further losses.
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
- 0.66 for the gross margin
The net margin for First Industrial Realty Trust, Inc. stands at 0.46. The total capital return value is set at 0.08. Equity return is now at value 11.36, with 5.66 for asset returns.
Based on First Industrial Realty Trust, Inc. (FR), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 10.72.
Currently, EBITDA for the company is 405.52 million with net debt to EBITDA at 5.35. When we switch over and look at the enterprise to sales, we see a ratio of 13.23. The receivables turnover for the company is 3.92for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In conclusion, First Industrial Realty Trust, Inc. (FR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
