The stock of First Industrial Realty Trust, Inc. (FR) has seen a 1.08% increase in the past week, with a 2.50% gain in the past month, and a 17.91% flourish in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are at 1.60% for FR. The simple moving average for the last 20 days is -0.00% for FR’s stock, with a simple moving average of 9.36% 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 26.17x compared to its average ratio, The 36-month beta value for FR is at 1.09. 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.”
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The public float for FR is 131.31M, and currently, shorts hold a 1.36% of that float. The average trading volume for FR on September 19, 2024 was 951.99K shares.
FR) stock’s latest price update
First Industrial Realty Trust, Inc. (NYSE: FR)’s stock price has dropped by -0.50 in relation to previous closing price of 56.38. Nevertheless, the company has seen a gain of 1.08% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-14 that I often hold my REITs for just 1-2 years. But there are some exceptions that we expect to hold for the long run. Here 5 REITs that I will hold for the next decade.
Analysts’ Opinion of FR
Many brokerage firms have already submitted their reports for FR stocks, with Wolfe Research repeating the rating for FR by listing it as a “Outperform.” The predicted price for FR in the upcoming period, according to Wolfe Research is $64 based on the research report published on August 13, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see FR reach a price target of $57. The rating they have provided for FR stocks is “Outperform” according to the report published on June 04th, 2024.
Wedbush gave a rating of “Neutral” to FR, setting the target price at $49 in the report published on April 25th of the current year.
FR Trading at 3.62% 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 -2.18% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +2.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.14% upper at present.
During the last 5 trading sessions, FR rose by +1.08%, which changed the moving average for the period of 200-days by +19.23% in comparison to the 20-day moving average, which settled at $56.18. In addition, First Industrial Realty Trust, Inc. saw 6.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FR
Current profitability levels for the company are sitting at:
- 0.64 for the present operating margin
- 0.59 for the gross margin
The net margin for First Industrial Realty Trust, Inc. stands at 0.44. The total capital return value is set at 0.09. Equity return is now at value 11.15, with 5.51 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 0.14. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 4.96.
Currently, EBITDA for the company is 405.52 million with net debt to EBITDA at 5.2. When we switch over and look at the enterprise to sales, we see a ratio of 15.06. The receivables turnover for the company is 4.06for 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.
