First Industrial Realty Trust, Inc. (NYSE:FR) Receives $34.75 Consensus PT from Analysts

First Industrial Realty Trust, Inc. (NYSE:FR) has been assigned an average rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $34.75.

Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of First Industrial Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, October 23rd. Mizuho boosted their price objective on shares of First Industrial Realty Trust from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, November 13th. TD Securities upgraded shares of First Industrial Realty Trust to a “buy” rating and set a $19.50 price objective on the stock in a research note on Tuesday, October 20th. Finally, The Goldman Sachs Group started coverage on shares of First Industrial Realty Trust in a research note on Tuesday, September 29th. They issued a “sell” rating on the stock.

A number of institutional investors have recently made changes to their positions in the business. Cetera Advisor Networks LLC raised its holdings in First Industrial Realty Trust by 5.2% during the 3rd quarter. Cetera Advisor Networks LLC now owns 8,646 shares of the real estate investment trust’s stock valued at $344,000 after buying an additional 426 shares during the last quarter. US Bancorp DE increased its holdings in First Industrial Realty Trust by 1.1% in the 3rd quarter. US Bancorp DE now owns 48,843 shares of the real estate investment trust’s stock worth $1,944,000 after acquiring an additional 515 shares in the last quarter. Eii Capital Management Inc. grew its holdings in First Industrial Realty Trust by 1.1% during the 3rd quarter. Eii Capital Management Inc. now owns 62,999 shares of the real estate investment trust’s stock valued at $2,507,000 after buying an additional 664 shares in the last quarter. Van ECK Associates Corp grew its holdings in First Industrial Realty Trust by 23.5% during the 3rd quarter. Van ECK Associates Corp now owns 3,829 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 728 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd grew its holdings in shares of First Industrial Realty Trust by 8.4% in the third quarter. Redpoint Investment Management Pty Ltd now owns 9,691 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

Shares of FR opened at $42.13 on Wednesday. First Industrial Realty Trust has a 12 month low of $25.89 and a 12 month high of $46.12. The company has a 50-day moving average price of $41.84 and a two-hundred day moving average price of $41.21. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.85. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 25.69 and a beta of 0.85.

First Industrial Realty Trust (NYSE:FR) last issued its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.18). First Industrial Realty Trust had a net margin of 46.84% and a return on equity of 11.50%. The company had revenue of $116.19 million during the quarter, compared to analyst estimates of $108.44 million. During the same period in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts expect that First Industrial Realty Trust will post 1.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Thursday, December 31st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. First Industrial Realty Trust’s payout ratio is 57.47%.

First Industrial Realty Trust Company Profile

First Industrial Realty Trust, Inc (NYSE: FR) is a leading fully integrated owner, operator, and developer of industrial real estate with a track record of providing industry-leading customer service to multinational corporations and regional customers. Across major markets in the United States, our local market experts manage, lease, buy, (re)develop, and sell bulk and regional distribution centers, light industrial, and other industrial facility types.

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Analyst Recommendations for First Industrial Realty Trust (NYSE:FR)

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