First Industrial Realty Trust, Inc. (NYSE: FR) has seen a decline in its stock price by -3.60 in relation to its previous close of 48.00. However, the company has experienced a -4.08% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-16 that Earning results are leading to a lot of volatility. Some REITs are selling off heavily, despite doing well. I highlight two of my favorite “Buy The Dip” opportunities.
Is It Worth Investing in First Industrial Realty Trust, Inc. (NYSE: FR) Right Now?
The price-to-earnings ratio for First Industrial Realty Trust, Inc. (NYSE: FR) is 21.33x, which is above its average ratio. Moreover, the 36-month beta value for FR is 1.08. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for FR is 131.76M and currently, short sellers hold a 1.60% of that float. On May 24, 2024, FR’s average trading volume was 1.12M shares.
FR’s Market Performance
FR stock saw an increase of -4.08% in the past week, with a monthly gain of 0.52% and a quarterly increase of -14.74%. The volatility ratio for the week is 1.70%, and the volatility levels for the last 30 days are 1.78% for First Industrial Realty Trust, Inc. (FR). The simple moving average for the last 20 days is -2.12% for FR stock, with a simple moving average of -6.70% for the last 200 days.
Analysts’ Opinion of FR
Many brokerage firms have already submitted their reports for FR stocks, with Wedbush repeating the rating for FR by listing it as a “Neutral.” The predicted price for FR in the upcoming period, according to Wedbush is $49 based on the research report published on April 25, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FR reach a price target of $53, previously predicting the price at $63. The rating they have provided for FR stocks is “Equal Weight” according to the report published on March 27th, 2024.
FR Trading at -6.27% 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 -16.10% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.70%, as shares surge +0.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.68% lower at present.
During the last 5 trading sessions, FR fell by -4.08%, which changed the moving average for the period of 200-days by -9.40% in comparison to the 20-day moving average, which settled at $47.28. In addition, First Industrial Realty Trust, Inc. saw -12.15% in overturn over a single year, with a tendency to cut further losses.
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 0.09. 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 5.06.
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 13.29. The receivables turnover for the company is 3.92for trailing twelve months and the total asset turnover is 0.12.
Conclusion
To wrap up, the performance of First Industrial Realty Trust, Inc. (FR) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
