First Industrial Realty Trust, Inc (NYSE:FR) shares, rose in value on Friday, December 13, with the stock price up by 1.34% to the previous day’s close as strong demand from buyers drove the stock to $52.80.
Actively observing the price movement in the last trading, the stock closed the session at $52.10, falling within a range of $51.8397 and $52.905. The value of beta (5-year monthly) was 1.093 whereas the PE ratio was 22.69 over 12-month period. Referring to stock’s 52-week performance, its high was $57.35, and the low was $45.10. On the whole, FR has fluctuated by -1.55% over the past month.
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With the market capitalization of First Industrial Realty Trust, Inc currently standing at about $7.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.39, with its dividend yield at 2.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 664.08M, with a low estimate of 165.6M and a high estimate of 174.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 170.02M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.27, with the price of FR currently trading nearly -0.09% and -1.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.99, while the 7-day volatility ratio is showing 1.93% which for the 30-day chart, stands at 1.72%. Furthermore, First Industrial Realty Trust, Inc (FR)’s beta value is 1.09, and its average true range (ATR) is 0.94.
A comparison of First Industrial Realty Trust, Inc (FR) with its peers suggests the former has fared considerably weaker in the market. FR showed an intraday change of 1.34% in last session, and over the past year, it grew by 1.01%%.
Data on historical trading for First Industrial Realty Trust, Inc (NYSE:FR) indicates that the trading volumes over the past 10 days have averaged 0.79 and over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 132.35 million shares outstanding.
Nearly 0.87% of First Industrial Realty Trust, Inc’s shares belong to company insiders and institutional investors own 96.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.78 million shares as on 2024-11-29, resulting in a short ratio of 2.11. According to the data, the short interest in First Industrial Realty Trust, Inc (FR) stood at 184.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.63 million. The stock has risen by 0.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FR stock heading into the next quarter.
