There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for First Industrial Realty Trust Inc. (FR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $51.90. The First Industrial Realty Trust Inc. has recorded 19,090 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed FIRST INDUSTRIAL REALTY TRUST REPORTS FIRST QUARTER 2023 RESULTS.
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As a NYSE listed company, FR falls under the Real Estate sector while operating within the REIT – Industrial industry segment. At the end of the last regular session, the stock closed at $51.90 and fluctuated between $52.69 as its day high and $51.52 as its day low. The current market capitalization of First Industrial Realty Trust Inc. is $6.75B. A total of 0.77 million shares were traded on the day, compared to an average of 810.51K shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FR has seen 3 BUY and 4 SELL insider trades, representing the acquisition of 600 and the disposition of 700 shares. Over the last 12 months, there were 7 BUYs and 11 SELLs from insiders. Insiders purchased 18,174 shares during that period but sold 10,224.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. First Industrial Realty Trust Inc. pays an annual dividend of $1.28, resulting in a dividend yield of 2.47%, and it has a price to earnings (P/E) ratio of 18.13. FR’s most recent ex-dividend date was 3/30/2023 when it declared a $0.32 quarterly dividend that was paid in cash on 4/17/2023. Previously, the company paid the dividend on 1/17/2023 with an ex-dividend date of 12/29/2022. The FR stock dividend was $0.2950 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FR in the last 3 months, the mean price target is $59.18 with high estimates of $65.00 and low estimates of $51.00. In terms of 52-week highs and lows, FR has a high of $63.44 and a low of $42.91.
As of this writing, FR has an earnings estimate of $0.28 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.26. The company reported an EPS of $0.62 in the last quarter, which was 138.50% higher than expectations of $0.26.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FR’s latest balance sheet shows that the firm has $58.59M in Cash & Short Term Investments as of fiscal 2021. There were $1.63B in debt and $269.27M in liabilities at the time. Its Book Value Per Share was $18.59, while its Total Shareholder’s Equity was $2.25B.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FR is Underweight with a score of 4.08. A total of 5 analysts rated the stock as Buy while 3 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.