The stock of First Industrial Realty Trust, Inc. (NYSE: FR) has increased by 0.82 when compared to last closing price of 54.55.Despite this, the company has seen a loss of -0.29% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-17 that First Industrial Realty Trust, Inc. (NYSE:FR ) Q3 2024 Earnings Conference Call October 17, 2024 11:00 AM ET Company Participants Art Harmon – SVP, IR & Marketing Peter Baccile – President and CEO Scott Musil – CFO Christopher Schneider – EVP, Operations & CIO Peter Schultz – EVP Johannson Yap – CIO Conference Call Participants Blaine Heck – Wells Fargo Craig Mailman – Citi Vikram Malhotra – Mizuho Caitlin Burrows – Goldman Sachs Rich Anderson – Wedbush Robert Stevenson – Janney Nick Thillman – Baird Vince Tibone – Green Street Michael Mueller – JPMorgan Nicholas Yulico – Scotiabank Brendan Lynch – Barclays Operator Good day, and welcome to the First Industrial Realty Trust, Inc. Third Quarter Results Call. All participants will be in a listen-only mode.
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 23.63x, which is above its average ratio. Moreover, the 36-month beta value for FR is 1.09. 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 131.31M and currently, short sellers hold a 1.05% of that float. On October 23, 2024, FR’s average trading volume was 1.18M shares.
FR’s Market Performance
FR’s stock has seen a -0.29% decrease for the week, with a -1.43% drop in the past month and a 3.83% gain in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 1.74% for First Industrial Realty Trust, Inc. The simple moving average for the past 20 days is 0.11% for FR’s stock, with a 6.23% simple moving average for the past 200 days.
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 -0.82% 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 -4.10% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -2.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.75% upper at present.
During the last 5 trading sessions, FR fell by -0.29%, which changed the moving average for the period of 200-days by +6.14% in comparison to the 20-day moving average, which settled at $54.94. In addition, First Industrial Realty Trust, Inc. saw 4.42% 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:
- 0.22 for the present operating margin
- 0.4 for the gross margin
The net margin for First Industrial Realty Trust, Inc. stands at 0.15. The total capital return value is set at 0.03. Equity return is now at value 11.92, with 5.95 for asset returns.
Based on First Industrial Realty Trust, Inc. (FR), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is -3.31.
Currently, EBITDA for the company is 405.52 million with net debt to EBITDA at -18.07. When we switch over and look at the enterprise to sales, we see a ratio of 14.44. The receivables turnover for the company is 4.07for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To wrap up, the performance of First Industrial Realty Trust, Inc. (FR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
