First Industrial Realty Trust (FR) shares ended the last trading session 7.6% higher at $46.33. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 23.2% loss over the past four weeks.
The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.
This real estate investment trust is expected to post quarterly funds from operations (FFO) of $0.70 per share in its upcoming report, which represents a year-over-year change of +16.7%. Revenues are expected to be $177.05 million, up 9.1% from the year-ago quarter.
FFO and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in FFO per share estimate revisions are strongly correlated with near-term stock price movements.
For First Industrial Realty Trust, the consensus FFO per share estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in FFO per share estimate revision usually translates into price appreciation. So, make sure to keep an eye on FR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
First Industrial Realty Trust is part of the Zacks REIT and Equity Trust - Other industry. Community Healthcare Trust (CHCT), another stock in the same industry, closed the last trading session 2.2% higher at $16.42. CHCT has returned -12.5% in the past month.
Community Healthcare Trust's consensus FFO per share estimate for the upcoming report has changed -0.7% over the past month to $0.53. Compared to the company's year-ago FFO per share, this represents a change of -10.2%. Community Healthcare Trust currently boasts a Zacks Rank of #3 (Hold).
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First Industrial Realty Trust, Inc. (FR): Free Stock Analysis Report Community Healthcare Trust Incorporated (CHCT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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